GLOBAL INVESTOR
JEAN PIERRE VERSTER: Global stocks to buy in 2023
The stock-picking universe outside South Africa’s 300-odd shares is vast — here are five options to consider this year
Last year was particularly tough for global stock pickers, with the MSCI world net total return index sliding by 18.1% and the tech-heavy Nasdaq 100 index dropping by 33%. Our five picks from a year ago also struggled: an equal-weighted portfolio of Adevinta (-49.8%), Altria (+4.7%), ASOS (-80.6%), CIFI Ever Sunshine (-61.2%) and UnitedHealth (+6.5%) would have returned -36.1% in dollars for 2022. We still like these stocks, though, notwithstanding their disappointing performance over the past 12 months. As is customary at the start of every year, here are five global stocks which we believe could do well over the long term.
Admiral Group..
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