5 ASX ETFs to buy in December and hold for 10 years

Let's see why these funds could be great long term options for investors.

A family sitting on a couch watching Netflix

Image source: Netflix

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

sdf

I think that buy and hold investing is one of the best ways to grow your wealth.

By putting your money in the market and letting it compound over many years, you can turn even modest amounts into something significant.

The good news is that buy and hold investing has become even easier in recent years due to the emergence of exchange-traded funds (ETFs).

These financial instruments allow you to buy a large number (sometimes thousands) of shares through a single investment.

But which ASX ETFs could be great long-term options for investors? Let's take a look at five to consider buying:

BetaShares Diversified All Growth ETF (ASX: DHHF)

The BetaShares Diversified All Growth ETF could be a great ASX ETF to hold onto for the long term. It gives investors easy access to ~8,000 large, mid, and small cap stocks from Australia, the United States, developed markets, and emerging markets. BetaShares, which recently named as one to buy, believes the fund has high growth potential, which could make it suitable for investors with a higher tolerance for risk.

iShares Global Consumer Staples ETF (ASX: IXI)

Another ASX ETF to look at is the iShares Global Consumer Staples ETF. As its name implies, this fund gives investors exposure to many of the world's largest consumer staples companies. These are generally regarded as low risk investment options that deliver steady returns rather than anything explosive. This is because they tend to perform well whatever is happening in the global economy. Among the fund's holdings are global giants Coca-ColaNestle, and Unilever.

BetaShares Cloud Computing ETF (ASX: CLDD)

A third ASX ETF that could be a good buy and hold option for investors is the BetaShares Cloud Computing ETF. Betashares, which also recently tipped this fund as one to buy, notes that "cloud computing has been one of the strongest-growing segments of the technology sector, and given much of the world's digital data and software applications are still maintained outside the cloud, continued strong growth has been forecast." Its holdings include Shopify and Zoom.

Betashares Global Quality Leaders ETF (ASX: QLTY)

Another ASX ETF to consider buying for 10 years is the Betashares Global Quality Leaders ETF. When you are making investment for the long term, it is never a bad idea to buy the highest quality companies you can find. Luckily, Betashares has made thing easy for investors by bundling together approximately 150 shares from across the globe that are judged to be the highest quality out there based on certain metrics. Betashares' chief economist, David Bassanese, named the ETF as one to buy.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

Finally, the VanEck Vectors Morningstar Wide Moat ETF could be a top ASX ETF to buy and hold. It looks for the type of companies that Warren Buffett would buy and then bundles them together for investors. These are companies with fair valuations and wide moats (or sustainable competitive advantages). Given the success Buffett has had with this strategy for decades with Berkshire Hathaway (NYSE: BRK.B), there's reason to believe this ASX ETF could deliver the goods over the long term.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Berkshire Hathaway, Shopify, and Zoom Communications. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Nestlé and Unilever. The Motley Fool Australia has positions in and has recommended iShares International Equity ETFs - iShares Global Consumer Staples ETF. The Motley Fool Australia has recommended Berkshire Hathaway, Shopify, VanEck Morningstar Wide Moat ETF, and Zoom Communications. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on ETFs

Hologram of a man next to a human robot, symbolising artificial intelligence.
ETFs

This fantastic ASX ETF could win big from the AI boom over the next decade

Want to invest in AI? This could be an easy way to do it.

Read more »

A smiling woman holds a Facebook like sign above her head.
ETFs

The ultimate ASX ETFs to buy right now

Let's see what sort of stocks these funds are invested in.

Read more »

A woman sits at her computer with her hand to her mouth and a contemplative smile on her face as she reads about the performance of Allkem shares on her computer
ETFs

Overinvested in Vanguard Australian Shares Index ETF (VAS)? Here are two alternative ASX ETFs

The VAS ETF isn’t the only fund on the ASX worth buying.

Read more »

A laughing woman wearing a bright yellow suit, black glasses and a black hat spins dollar bills out of her hands signifying the big dividends paid by BHP
ETFs

How to grow your wealth the easy way with ASX ETFs

Is this the easiest way for investors to build a nice nest egg? Let's find out.

Read more »

Oil rig worker standing with a clipboard.
ETFs

Up 18% in June, is the Betashares Crude Oil Index ETF a good oil price play?

ASX investor interest in the OOO ETF has risen amid surging oil prices due to the Israel-Iran conflict.

Read more »

Man holding Australian dollar notes, symbolising dividends.
ETFs

Buy these ASX ETFs for passive income

Want an easy way to generate income from the share market? Check out these funds.

Read more »

A magnifying glass highlighting India on a map.
ETFs

Why I think this is a top ASX ETF for growth and dividends

This fund can provide a useful mixture of passive income and capital growth.

Read more »

An analyst wearing a dark blue shirt and glasses sits at his computer with his chin resting on his hands as he looks at the CBA share price movement today
ETFs

With Middle East tensions escalating, should I buy DFND ETF?

DFND ETF is up 50% for the year to date.

Read more »