At the weekend I looked at how $20,000 investments in a few popular ASX shares had fared over the last 10 years. You can read about those investments here.
But that was then and this is now. So where could we find similarly strong returns over the next 10 years?
Listed below are three top ASX shares that I think could generate strong returns for investors in the future. Here’s why I would invest $20,000 into them today:
BetaShares NASDAQ 100 ETF (ASX: NDQ)
The first option to consider buying with these funds is the BetaShares NASDAQ 100 ETF. I think it could provide strong returns for investors over the next decade thanks to the high quality companies included in the fund. The BetaShares NASDAQ 100 ETF gives investors a piece of the 100 largest non-financial companies listed on the famous NASDAQ exchange. This means investors will be getting exposure to the likes of Amazon, Apple, Facebook, Microsoft, Netflix, and Google parent company, Alphabet.
NEXTDC Ltd (ASX: NXT)
Another option to consider for a $20,000 investment is NEXTDC. It is a leading data centre operator which owns a growing collection of world class centres in key locations across Australia. NEXTDC has been experiencing very strong demand for capacity in its data centres over the last few years. This continued in FY 2020, leading to the company delivering a 23% increase in EBITDA to $104.6 million. The good news is that the cloud computing boom still has a long way to run and NEXTDC appears perfectly positioned to benefit.
VanEck Vectors China New Economy ETF (ASX: CNEW)
A final option to consider for a $20,000 investment is another exchange traded fund. This time it is the VanEck Vectors China New Economy ETF, which gives Australian investors access to the growing Chinese economy. This is through a total of 120 promising companies with very strong growth prospects. The fund’s focus is on companies making up ‘the New Economy’. These are sectors such as technology, healthcare, consumer staples, and consumer discretionary. If the Chinese economy continues its strong growth over the next decade, I expect these companies to grow along with it.