At the weekend I had a look at how $20,000 investments in a number of popular ASX shares over the last 10 years have fared. You can read about those here.
But that was then and this is now. Which shares will produce the goods over the next decade?
Here are two ASX shares which I think could provide market-beating returns for investors over the 2020s:
Appen Ltd (ASX: APX)
One megatrend that I think investors should have exposure to is artificial intelligence. It is revolutionising technology and the lives of billions of people around the world. There are a number of companies on the Australian share market with exposure to this megatrend, but few with such direct exposure as Appen.
It is in a fantastic position to benefit from the rapid growth of this market due to it being a leading developer of high-quality, human-annotated training data for machine learning and artificial intelligence. This is a vital part of the process, as without quality data, artificial intelligence models will never reach their potential. Appen has helped tech giants such as Apple, Facebook, and Microsoft, to name just three, with their models.
BetaShares Asia Technology Tigers ETF (ASX: ASIA)
I'm very bullish on the Asian economy over the coming decade and expect it to outpace most developed economies. In addition to this, I'm also very positive on the technology sector and believe it would be a great place to put funds. As a result, I think the BetaShares Asia Technology Tigers ETF would be a great place to invest $20,000 with a long term view.
The ETF is invested in some of the fastest growing tech companies in the Asia market. This includes ecommerce giant Alibaba, search engine company Baidu, and tech behemoth, Tencent. The latter has over 1 billion active users of its WeChat app globally.
