One side of the share market which I think is a great place to look for investment ideas is the mid cap space.
This is because in this area I believe there are a good number of shares that have the potential to grow strongly over the next decade, potentially generating outsized returns for shareholders.
Three mid cap ASX shares that I would buy this month are listed below:
Bravura Solutions Ltd (ASX: BVS)
Bravura Solutions is a fast-growing provider of software products and services to the wealth management and funds administration industries. Its shares have been on fire this week after it reconfirmed its guidance for FY 2020. Bravura continues to expect mid-teen earnings growth, plus around $3 million extra thanks to recent acquisitions. I'm confident that solid demand for its Sonata platform and these acquisitions have positioned it perfectly to continue this positive trend for a number of years to come. This could make it a great long term option for investors.
Kogan.com Ltd (ASX: KGN)
Another mid cap share to consider is this fast-growing ecommerce company. I've been impressed with the performance of Kogan over the last 12 months and believe it is well-placed to continue its strong growth thanks to the launch of several new verticals, the growing popularity of its own brand products, and its new Kogan Marketplace.
Zip Co Ltd (ASX: Z1P)
A final mid cap share to consider buying is payments company Zip Co. Despite the high level of competition in the ANZ market, its buy now pay later platform continues to deliver stellar customer, merchant, and underlying sales growth. This trend looks set to continue in FY 2020 and should be supported by its launch into several international markets. Another big positive is the recent agreement with Amazon Australia. This could be a very lucrative arrangement and drive solid underlying sales growth in the coming years.
