If you want to make some buy-and-hold investments but aren't sure which ASX shares to buy, you could consider exchange-traded funds (ETFs) instead.
ETFs allow investors to buy large groups of shares with a single click of a button. This removes the need for stock-picking and makes it easier to build a diversified portfolio.
But which ASX ETFs could be top long-term options for investors right now? Let's take a look at three highly rated funds:
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BetaShares Global Cybersecurity ETF (ASX: HACK)
The first ASX ETF that could be a top long-term option for investors is the BetaShares Global Cybersecurity ETF.
This fund provides investors with access to the cybersecurity industry, which could be a great place to put your money. This side of the technology sector has been tipped to grow materially in the future.
For example, Betashares highlights that "an estimate of the total addressable market by McKinsey suggests that the cybersecurity market is $1.5-$2.0 trillion globally, and at best only 10% penetrated with a very long runway for growth."
This bodes well for the companies held by the ETF, which include the industry's leading players and up-and-coming names.
VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)
Another ASX ETF that could be a top buy-and-hold option is the VanEck Vectors Morningstar Wide Moat ETF.
This fund has a focus on investing in fairly valued companies with wide moats (competitive advantages). These are the qualities that legendary investor Warren Buffett looks for when making investments for Berkshire Hathaway (NYSE: BRK.B).
And given how the Oracle of Omaha has outperformed the market consistently (and significantly) over multiple decades, it seems that this focus really delivers results. It is also worth noting that the VanEck Vectors Morningstar Wide Moat ETF has beaten the market over the past decade. During this time, the index it tracks has generated a return of 17.6% per annum.
Vanguard MSCI Index International Shares ETF (ASX: VGS)
A third ASX ETF that could be a top long-term option is the Vanguard MSCI Index International Shares ETF. It provides investors with access to a large number of listed companies from major developed countries.
And when I say large, I mean it. At present, the fund has approximately 1,500 holdings. This makes it a great way to diversify a portfolio and provide it with exposure to global economic growth.
Among its holdings are the likes of Apple (NASDAQ: AAPL), Toyota (NYSE: TM), SAP (NYSE: SAP), and LVMH Moet Hennessy Louis Vuitton.
