If you're aiming to diversify your portfolio and optimise your future returns, then I think exchange traded funds (ETFs) could be an easy way to do it.
Two exchange traded funds that I believe have the potential to provide strong returns for investors over the next decade are listed below. Here's why I would buy them:
BetaShares NASDAQ 100 ETF (ASX: NDQ)
The first ETF that I think investors ought to consider buying is the BetaShares NASDAQ 100 ETF. I continue to believe that this is one of the best ETFs you can buy right now and feel it could generate strong returns for investors over the 2020s.
This is because the BetaShares NASDAQ 100 ETF provides investors with low cost access to the 100 largest non-financial shares on the famous NASDAQ index. This means that investors will be buying a slice of some of the biggest and best companies in the world such as Amazon, Apple, Facebook, Microsoft, Netflix, and Google parent, Alphabet.
VanEck Vectors Australian Banks ETF (ASX: MVB)
Another option for investors to consider buying is the VanEck Vectors Australian Banks ETF. I think this would be a great option for those that wish to gain exposure to the beaten down banking sector but aren't sure which of the banks to buy ahead of others.
The VanEck Vectors Australian Banks ETF gives investors access to Commonwealth Bank of Australia (ASX: CBA) and the rest of the big four banks, the regional banks, and also investment bank Macquarie Group Ltd (ASX: MQG) through a single investment. And with the VanEck Vectors Australian Banks ETF share price down by one-third from its 52-week high, now could be an opportune time to make a patient investment. Especially given the improving outlook for the sector thanks to the relaxing of responsible lending.