One area of the market that I think has a large number of top long-term options for investors to consider buying is the mid cap space.
Three mid cap shares which I believe could generate strong returns for investors over the next decade are listed below. Here's why I like them:
Bravura Solutions Ltd (ASX: BVS)
The first mid cap share to look at is Bravura Solutions. It is a fintech company providing software and services to the wealth management and funds administration industries in the Asia, Europe, Middle East, and Africa regions. The company has a number of different products in its portfolio which combined appear to have positioned it for strong long term growth. The key product for me is the Sonata wealth management. It is used by many large financial institutions to connect and engage with their clients anytime, anywhere, via computers, tablets or smartphones.
Jumbo Interactive (ASX: JIN)
Jumbo is an online lottery ticket seller and the operator of the Oz Lotteries website. Its shares have pulled back materially in recent months due to concerns over its slowing growth. However, it is worth noting that this has been caused by the company's investment in its future growth and is only expected to be temporary. As a result, I believe its shares have been oversold and are now trading at an attractive level. Especially when you consider that Jumbo is aiming to generate $1 billion in ticket sales annually through its platform by FY 2022. This will be triple what it achieved in FY 2019.
Megaport Ltd (ASX: MP1)
A final mid cap share to consider is Megaport. It is an elasticity connectivity and network services company. Its service allows users to increase and decrease their available bandwidth in response to their own demand requirements. This is instead of being tied to fixed service levels on long-term and expensive contracts. Due to the popularity of its service, its growing footprint in data centres globally, and the seismic shift to the cloud, it has been growing at a rapid rate in recent years. And given that larger and larger amounts of computer infrastructure continue to move from local servers to cloud providers, Megaport appears well-placed to continue its strong form in the 2020s.
