I'm a big fan of investing in growth shares, so feel quite fortunate to have such a large number of them to choose from on the local market.
Amongst the numerous high quality options available to investors, I think the five listed below are up there with the best of them right now.
Here's why I think growth investors ought to buy them:
a2 Milk Company Ltd (ASX: A2M)
I think that this infant formula and fresh milk company is one of the best growth shares on the local market. This is largely down to the incredible demand it is experiencing for its products in China. I believe this will continue to underpin strong earnings growth over the next decade.
Altium Limited (ASX: ALU)
Altium is a design software company which I believe has the potential to generate outsized returns for investors over the next decade. This is thanks to the company's award-winning platform which is exposed to the rapidly growing Internet of Things market.
Aristocrat Leisure Limited (ASX: ALL)
Another growth share to consider buying is Aristocrat Leisure. I'm a big fan of the company due to the quality of its core pokie machine business and the potential of its digital business. The latter looks set to benefit greatly from the increasing popularity of social and mobile gaming.
CSL Limited (ASX: CSL)
Arguably the ultimate growth share on the Australian share market is this biotherapeutics giant. It has consistently delivered strong earnings growth over the last decade and appears well-positioned to continue doing so thanks to the quality, strength, and burgeoning R&D pipelines of its CSL Behring and Seqirus businesses.
Nearmap Ltd (ASX: NEA)
A final growth shares to consider buying is Nearmap. It is a leading aerial imagery technology and location data company which has been growing at an impressive rate over the last couple of years. Pleasingly, this looks set to remain the case in the near term thanks to strong demand, the launch of several new products, and potential expansions into new markets.
