Another major theme which has been playing out for some time but had a pronounced effect over the past few months has been the impact of the Chinese consumer in Australia. A potent combination of the falling Australian dollar, creation of a number of Free Trade Zones in China and a strong perception around Australia’s products being “clean and green” has driven a boom in a number of consumer categories. Chief amongst those we have exposure to in our various funds has been infant formula and vitamins. You can read further at “Small Talk: The benefits of self help” (VIEW LINK)