Three best offshore exposure picks

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Karl Siegling of Cadence Capital sees further weakness ahead for the Aussie dollar. 'there is nothing remarkable about $0.51 we have been there before and we will go there again…we are cyclical based on resources and commodities.' Siegling highlights three stocks with ‘reasonable multiples relative to their growth’ that he believes will allow investors to capitalise on this forecast AUD weakness. ‘Macquarie Bank (ASX: MQG) is 75% offshore earnings, so Macquarie continues to be a really good trend for wanting to buy offshore even though it is listed in Australia. Luxottica (BIT:LUX) the global sunglass business...(makers of) a more affordable luxury item and of course Luxottica is having phenomenal growth. Henderson (ASX:HGG) is 96% offshore earnings…it’s a spin off of the AMP and they are actually coming back to compete against the AMP in Australia…they are a global funds management business with huge diversification. These are all stocks that go extremely well when the AUD falls but go well independent of that because they have really strong earnings growth and do trade on reasonable multiples relative to their growth.’


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