Removing balance sheet liquidity and lower volatility factors. Pick stocks based on price momentum, earnings quality, interest coverage, asset efficiency, and shareholder yield. Selected stocks include: Nestle, Novo Nordisk, Unilever, Kone Oyj, DSV Panalpina, Sika, Sandvik, GlaxoSmithKline, Reckitt Benckiser, Ferguson, Intertek Group, Next.
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