At the MBFund we often use currencies as hedges and amplifiers of returns. This is an integral part of any macro fund.
For many years, Aussie super funds ignored global stocks. That has passed in the last decade as Australia’s lost decade of growth and weak returns forced the emergence (and recent part destruction) of such global stock bellwethers as Magellan.
Now, Australia’s fattened super slugs have discovered a thing called the AUD!
