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Steve Johnson, CIO at Forager Funds, explains how he is positioned for a falling dollar

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Steve Johnson, CIO at Forager Funds, explains how he is positioned for a falling dollar. Look we've got more than half of our portfolio at the moment either directly invested in stocks that have overseas assets or stocks with a lot of foreign currency exposure... Currencies are very good at making fools out of people, so whether that happens in the next six months or the next 18 months I don't know but we've had a long held view that the Chinese growth model is unsustainable. They can come out with another stimulus program but it's only going to last another six months. I think there's lots of problems install for Australia there and we actually need that Australian dollar lower. So I think there is going to be a lot of help from the RBA to get that dollar lower to try and help our economy adjust.


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