Most Australian portfolios are full of finance and healthcare stocks. These aren't necessarily bad choices but it does mean investors are heavily focused in two sectors.
Here are three shares that are very different to most shares on the ASX:
Class Ltd (ASX: CL1)
Class provides accounting software for self-managed superannuation fund (SMSF) administrators.
The government has introduced a lot more rules and regulations regarding real time reporting for SMSFs and this plays right into Class' strength as a cloud accounting provider with the best tools.
Class is stealing market share and is expected to reveal impressive results later this month. It's currently trading at 55x FY16's earnings with a grossed-up dividend yield of 1.98%.
Blackmores Limited (ASX: BKL)
Blackmores is a giant of the vitamin world in Australia.
It is trying to grow its sales overseas and is introducing new products every year to diversify its range. One of its latest forays is into the infant formula market.
Blackmores has been on a rollercoaster but if it can grow earnings it could be a decent buy from here.
Blackmores is trading at 19x FY18's estimated earnings with a grossed-up dividend yield of 5.49%.
DuluxGroup Limited (ASX: DLX)
The paint behemoth is a good way to get exposure to the property market without actually buying an investment property.
Dulux isn't the only brand it owns. British Paints, Cabot's, Yates and Selleys are also part of its group of household improvement brands.
It's currently trading at 18x FY18's estimated earnings with a grossed-up dividend yield of 5.46%.
Foolish takeaway
Diversifying your portfolio is important. A particular industry can have significant problems, which is why the above shares could be good options.
At the current prices, I think DuluxGroup is the winner for me due to its impressive growth history and pleasing dividend yield.