Sean Fenton, portfolio manager of the Tribeca Alpha Plus Fund, writes in today’s AFR:

“The rise in the Aussie dollar is driving significant shifts across the market. For many years overseas earners have been a favourite of fund managers as stronger growth offshore has combined with currency tailwinds to drive outperformance.

“However these trends have taken a hit in recent weeks as money has rotated out of US dollar earners. Is it time to bail on the trade or is there a buying opportunity?”

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