Entering 2016 we re-iterate our confidence in our high conviction stocks, which have performed well over the past 12 months. Our ASX100 list has achieved an 8% return over an average period of seven months while our ex-ASX100 list has returned 17% over the same period. Our high conviction picks are companies we think offer the highest risk-adjusted returns over a 12-month timeframe, supported by a higher-than-average level of confidence. They are typically our preferred sector exposures. This month we have removed Villa World (VLW) from our high conviction list. We continue to like Villa World over the medium term but we think short-term share price upside will continue to battle against negative housing market sentiment. Here are our eleven (six ASX100 stocks and five ex-ASX100 stocks) high conviction picks for January: (VIEW LINK)