Dollar-exposed industrials power on

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Regular readers will know I’ve been harping for nearly three years about dollar-exposed industrials as the best growth stocks of the cycle. By way of comparison with the awful state of ASX materials, here’s a random selection of the most obvious dollar-exposed industrials on the ASX since the China peak of late 2011:

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Even with wipe outs from COH and NVT, it’s pretty good!

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.