Loomis Sayles’s Fuss Says Kiwi No. 1, Likes Commodity Currencies
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Loomis Sayles & Co.’s Dan Fuss, whose flagship fund beat 97 percent of rivals over the past three years, sees four commodity currencies as the “most attractive,” even as prospects the Federal Reserve will pare stimulus drive analysts to forecast most of them will decline.
His top pick is the New Zealand dollar, followed by the Australian and Canadian currencies and then the Mexican peso. While all are associated with wealth from resources exports, from oil to iron ore to agriculture, Fuss is focusing on something else.