To The Moon

1.Do you think there’s market appetite for a Commonwealth fund?

It could hold a combination of growth and defensive businesses from the UK, Canada, Australia, New Zealand and Singapore.

Here’s a potential 24 stock portfolio.

1)$Spirax Sarco Engineering PLC(SPXSF)$$SPIRAX-SARCO ENGINEERING PLC(SPX.UK)$ $Halma PLC(HALMY)$ $HALMA PLC(HLMA.UK)$ $Croda International Plc(COIHF)$ $CRODA INTERNATIONAL PLC(CRDA.UK)$ $LONDON STOCK EXCHANGE GROUP PLC(LSE.UK)$ $YOUGOV(YOU.UK)$ $JUDGES SCIENTFC(JDG.UK)$

2)$Constellation Software, Inc.(CNSWF)$ $Open Text(OTEX)$ $Toromont Industries Ltd.(TMTNF)$ $Waste Connections(WCN)$ $Canadian Pacific Railway(CP)$ $Canadian National Railway(CNI)$ 3)$Technology One(TNE.AU)$ $CSL LIMITED(CSL.AU)$ $Resmed DRC(RMD.AU)$ $Breville Group(BRG.AU)$ $ASX LTD(ASX.AU)$ $Cleanaway Waste(CWY.AU)$ $COCHLEAR LIMITED(COH.AU)$

4)$Cnfc Overseas Fisheries Co.,Ltd(000798)$ $Port of Tauranga Ltd.(PTAUF)$ $Mainfreight Ltd.(MFGHF)$

5)$SHENG SIONG GROUP LTD(OV8.SI)$ $SINGAPORE EXCHANGE LIMITED(S68.SI)$ Something that is non-US is potentially interesting because US stocks dominate global trackers and most global active funds i.e. it would help with diversification. Perhaps a developed world fund excluding the US - so including Europe and non-Commonwealth countries.

2.Here’s the FCF yield + FCF growth (5yr avg.) for the 22 holdings in my portfolio.

Notes:
* For Amazon$Amazon.com(AMZN)$ , I’ve excluded this year.
** ASML$ASML Holding NV(ASML)$ ’s recent growth is above average.

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