Introduction
Henkel (OTCPK:HELKF/OTCPK:HENKY/OTCPK:HENOY) is one of my anchor companies in my broadly diversified bond portfolio. I define anchor investments as those companies that give my portfolio long-term stability, whose business model is future-proof, which are primarily defensive, plan for the long term and pay a reliable dividend. Such companies are not very thrilling. I just leave them in my portfolio and buy shares from time to time.
Henkel meets most of these requirements. The company, which is still governed by the Henkel family, is mainly active in defensive consumer