Impact of a rising AUD
“Hi James, with the falling USD, many commentators suggest investing in emerging markets during 2021. Which specific emerging markets do you recommend, and how does a rising AUD affect this choice?” - best wishes John K.
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Answer
Morning John,
It’s all about debt if the $US continues to fall countries with their debt denominated in $US will find servicing this burden far easier with their own currency. In terms of which country again we prefer to keep it simple and buy a basket of exposure through the IEM Australian ETF shown below – another market that feels due for a rest though.
MM is bullish the IEM.
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