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These mid cap ASX shares could deliver strong returns for investors in the 2020s

One side of the share market which I think is a great place to look for investment ideas is the mid cap space.

I like this side of the market as it offers stronger potential returns than the large cap side of the market, but carries less risk than the small cap side of the market.

With that in mind, here are three mid cap ASX shares that I would buy for the 2020s:

Collins Foods Ltd (ASX: CKF)

Collins Foods is a quick service restaurant operator which is best-known as an operator of KFC restaurants across Australia, Europe, and New Zealand. It also operates Sizzler restaurants in Asia and is rolling out the Taco Bell brand across several Australian states. Whilst I believe the Taco Bell brand has a lot of potential in Australia, I expect the key driver of growth over the next decade to be its KFC expansion in an underpenetrated European market.

Kogan.com Ltd (ASX: KGN)

Kogan is a fast-growing ecommerce company and Australia’s answer to Amazon. Given the growing popularity of its website with consumers and the continued rise of online shopping, I believe it has a very bright future ahead of it. In addition to this, I expect its growth to be given a boost by its expansion into potentially lucrative verticals and the launch of Kogan Marketplace.

Zip Co Ltd (ASX: Z1P)

A final mid cap share to consider buying is Zip Co. Due to the increasing popularity of buy now pay later as a payment method and its expansion internationally, I believe Zip Co is well-placed to continue growing strongly in the future. Another positive is the launch of its Zip Biz product. I believe this product has a lot of potential. It is a buy now pay later solution for small businesses and offers up to $25,000 in revolving credit.

And here are more top shares that I would class as must-owns for the 2020s.

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James Mickleboro owns shares of Collins Foods Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia has recommended Collins Foods Limited and Kogan.com ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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