Seek and Caltex: Offering exposure to offshore earnings
Seek and Caltex: Offering exposure to offshore earnings. Philip Parker from Altair Asset Management has recently been asked to create a portfolio of his top 10 best ideas. In terms of the macro back drop that is driving their strategy Parker says he is seeking exposure to companies with offshore earnings - predominately in the US but also those with exposure to strength in Asian economies. Parker says that SEEK is now equal #1 in the job placement market in China and is a stock they hold across a number of portfolios. He says SEEK offers exposure to both developed and developing markets and holds leading positions in these markets. In this video he provides more detail on why he likes Seek and also explains their long term position in Caltex.