The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor and analyst Austin Smith discusses topics across the investing world.

In today's edition, Austin explains why he owns shares of Unilever. When most investors think of investing in a consumer goods company they go straight to Procter & Gamble. While P&G is an undeniably great company, Austin prefers Unilever for its head start in emerging markets. Unilever looked abroad before many other consumer goods companies, and as a result has been able to establish themselves well and build meaningful brand strength. They pay a nice 3.9% dividend, too, and trade at a fairly valued P/E of 16.

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Austin Smith owns shares of Unilever. The Motley Fool owns shares of The Clorox Company. Motley Fool newsletter services recommend The Procter & Gamble Company and Unilever. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.