If you're looking for strong returns over the next decade, but small caps are too risky for your tastes, then you might want to take a look at ASX mid cap shares.
I think this is a great side of the market to look for investment ideas. This is because mid caps generally carry less risk than small caps, but offer stronger potential returns than large caps.
With that in mind, I have picked out four top mid cap ASX shares which I think would be top options:
Bravura Solutions Ltd (ASX: BVS)
The first mid cap ASX share to consider is Bravura Solutions. It provides software and services to the wealth management and funds administration industries. It has a number of different products in its portfolio, which are being used by many of the world's biggest financial institutions. This includes the Sonata wealth management platform which allows users to connect and engage with their clients anytime, anywhere, via computers, tablets, or smartphones.
Collins Foods Ltd (ASX: CKF)
Another ASX mid cap share to consider is Collins Foods. It is one of the ANZ region's largest KFC restaurant operators and also has a growing presence in Europe. It is these operations that I'm most excited about. Due to the under penetration of KFC in Europe, I believe there is a significant expansion opportunity over the next decade. And although the pandemic will inevitably slow its expansion plans, I expect it to accelerate again when the crisis passes.
Jumbo Interactive (ASX: JIN)
Jumbo is an online lottery ticket seller and the operator of the Oz Lotteries website. The company's shares have come under pressure this year, which I believe has created a buying opportunity for investors. Especially given its target of $1 billion in global ticket sales annually through its platform by FY 2022. This will be triple what it achieved in FY 2019.
Kogan.com Ltd (ASX: KGN)
A final mid cap ASX share to consider buying right now is Kogan. The ecommerce company has been a strong performer during the pandemic and more than doubled its sales and earnings in April. I believe the pandemic has accelerated the structural shift to online shopping and puts Kogan in a very strong position to deliver strong growth in the coming years.
