Three sectors benefitting from the falling dollar
Rhett Kessler, Portfolio Manager at Pengana, says he is seeing indications of a number of sectors starting to feel positive flow on effects from the lower AUD. In particular he points to agriculture, education and tourism as industries that should help to pick up some of the slack as the economy looks to re-balance away from the strong commodities cycle. On agriculture Kessler says it is a difficult market to invest in due to the fickle nature of weather patterns. Education is attractive, however, the issues surrounding the fall from grace of Vocation (VET) have tarred the industry. That brings him to the tourism industry where he likes Crown. In this short video Kessler talks more about Crown and moving away from a resources led economy:
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