Central bank monetary policy and geopolitical situations are dominating the headlines, but a prominent global brokerage says all of this doesn't matter if you can find long-term winners that can thrive in any environment over the next decade.
Damian Kestel, of Hong-Kong based CLSA, asked his colleagues for one "buy-and-hold stock" for the next 10 years.
The stocks are a "mix of long-term structural growth stories and industry dominators/monopolies with deep moats which are well positioned to grow from strength to strength over the next decade," Kestel wrote in the note to clients Friday.
The vast majority of the ideas were international, but some of those have U.S.-listed vehicles. Here are those stocks and why CLSA recommends them.