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5 Top Global Stocks to Buy in June
June 2, 2021
As we enter the middle of 2021, it has continued to be a good year for investors with the S&P 500 up around 13% so far this year.
However, for more tech-heavy growth names it has been a less fruitful year. Indeed, the tech-oriented Nasdaq-100 Index has trailed the S&P 500’s gains but is still up around 7%.
Meanwhile, Singapore’s stock market has bounced back given many of its biggest companies are considered “old economy” stocks.
Over in Hong Kong, the local Hang Seng Index is up around 7%. Despite all this, we should be focused on buying great businesses for the long haul. The short-term movements of the market shouldn’t concern us.
Instead, we should aim to have a mix of global stocks in our portfolio. With that, here are five global stocks you can consider adding to your portfolio in June.
While Pinduoduo is one of the newer powerhouse technology stocks to come out of China, it is no less impressive than the traditional titans.
In fact, it has revolutionised the e-commerce space in China by playing a key role in the emergence of “social commerce”.
With a market cap of only US$175 billion, compared to over US$600 billion for the giants of Tencent Holdings Ltd (SEHK: 700) and Alibaba Group Holding Ltd (NYSE: BABA) (SEHK: 9988), Pinduoduo has arguably more room to grow over the long term.
Finally, with Pinduoduo shares sitting about 30% off their all-time high, investors are getting an innovative Chinese tech firm at a discount.
5. Ping An Insurance
Anyone familiar with the Chinese insurance space will have heard of Ping An Insurance Group Co of China Ltd (SEHK: 2318).
Tim, based in Singapore but from Hong Kong, caught the investing bug as a teenager and is a passionate advocate of responsible long-term investing as a great way to build wealth.
He has worked in various content roles at Schroders and the Motley Fool, with a focus on Asian stocks, but believes in buying great businesses – wherever they may be.
In his spare time, Tim enjoys running after his two year-old son, playing football and practicing yoga.