The U.S. dollar hit new lows once again for the year. So how should investors prepare their portfolios and benefit from the weak dollar? Kelli Hill, portfolio manager at Ashfield Capital Partners and Nicholas Colas, chief market strategist, ConvergEx shared their insights.
“We’re focusing on some of the companies and sectors that would benefit from a weaker dollar including industrials, basic materials, and energy,” Hill told CNBC. “I agree that if we start to see a continued decline, that could be somewhat disconcerting, but at these levels, clearly the beneficiaries are multinationals.”