Though the Canadian inventory market affords traders a plethora of excellent corporations to select from, it’s crucial that Canadians keep in mind to diversify their portfolios. This consists of geographic diversification, because it provides an additional layer of protection ought to Canada’s economic system take a serious hit. On this article, I’ll talk about three nice overseas corporations to put money into proper now.

My favorite worldwide firm

Of all of the worldwide shares I’ve ever invested in, none have me as a lot as Sea Restricted (NYSE:SE). It is a Singapore-based firm that operates three distinct enterprise segments: Garena, Shopee, and SeaMoney. These signify Sea Restricted’s digital leisure, ecommerce, and digital banking providers, respectively.

In its third-quarter (Q3) 2023 earnings presentation, Sea Restricted reported US$3.3 billion in income. That represents a modest 5% enhance 12 months over 12 months. Regardless of such a small enhance in income, Sea Restricted’s whole gross revenue managed to extend by greater than 17% over the identical interval. That implies that the corporate is doing job of accelerating its profitability.

Sea Restricted’s fastest-growing enterprise phase is SeaMoney. In the identical earnings presentation, the corporate reported a 36.5% year-over-year enhance in income. Though that is nonetheless Sea Restricted’s smallest enterprise phase, it might be an essential one to look at sooner or later.

An organization you need to be accustomed to

Microsoft (NASDAQ:MSFT) is the subsequent nice overseas firm that Canadians ought to think about investing in proper now. It is a firm that wants little or no introduction. As quickly as anybody says the title Microsoft, it needs to be acknowledged for its Home windows platform. That comes with good motive. As of December 2023, Microsoft held a 73% share of the working system market. The corporate affords so many different services and products like Workplace, Xbox, and Azure, amongst others.

One of many largest corporations on the planet, Microsoft’s market cap as of this writing is about US$2.9 trillion. At that dimension, the regulation of huge numbers states that Microsoft ought to expertise a slower development price. Nonetheless, over the previous 12 months, this inventory noticed a acquire of about 56%. That enormously outpaces the S&P 500, which gained about 19% over the previous 12 months. A bona fide blue-chip inventory, Microsoft belongs in each Canadian’s portfolio.

Take curiosity on this dependable firm

Lastly, traders ought to think about including shares of Procter and Gamble (NYSE:PG) to their portfolios at the moment. Though it’s possible you’ll not acknowledge this firm’s title, you need to be very accustomed to lots of its merchandise. Procter and Gamble is chargeable for many widespread shopper merchandise reminiscent of Pampers, Tide, Charmin, Gillette, Previous Spice, Crest, and plenty of others. In whole, Procter and Gamble’s model portfolio options about 40 names.

An excellent dividend payer, Procter and Gamble boasts one of many longest dividend-growth streaks in North America. Coming into 2024, the corporate has managed to extend its dividend distribution in every of the previous 66 years. Just one firm in the US presently maintains an extended dividend development streak. For those who’re searching for a dependable overseas inventory so as to add to your portfolio, think about Procter and Gamble inventory. It has elevated by about 64% over the previous 5 years (dividends excluded).