ASX blue-chip shares have had a great run in the last decade. The S&P/ASX 200 Index (ASX: XJO) climbed 46.4% higher from the start of 2010 through to 14 February 2020.
However, the coronavirus pandemic has turned Aussie share markets upside down. The benchmark index is now down 21.88% since the start of the year.
That means that ASX blue-chip shares are looking pretty attractive right now. When markets are volatile, some of the biggest companies can offer the greatest safe haven for investors.
Here are a few of the top Aussie companies that could be in the buy zone in 2020.
Which ASX blue-chip shares should you buy?
I think it's best to start with the largest of the ASX companies. CSL Limited (ASX: CSL) shares have delivered for long-term shareholders in spades.
In fact, if you bought CSL shares in its 1994 IPO, you would have seen a more than 40,000% return on investment today. The biotech giant looks well-placed to continue operating despite COVID-19 and could be in the buy zone right now.
CSL has been largely focused on growth and that means it doesn't have a very high dividend yield right now. So if you're seeking income instead, Woolworths Group Ltd (ASX: WOW) could be one to buy for dividends in 2020.
Woolworths is another one of the ASX blue-chip shares that has held its value despite the pandemic. Aussie shoppers have loaded up on supplies at the group's supermarkets and boosted earnings in 2020.
Woolworths shares are currently yielding 2.86% with hopes that the dividend may be maintained. The group does have a struggling liquor and pubs business, but I think the its retail core remains intact.
I also like BHP Group Ltd (ASX: BHP) as a long-term ASX blue-chip dividend share to buy. BHP shares are yielding 7.09% right now but I think their earnings are less certain in 2020.
However, if you're buying for the long-term then I think BHP shares could be worth a look. The group boasts a market capitalisation of $141.52 billion and could be trading cheaply at just $30.05 per share.
