If you're looking to invest in some ASX blue chip shares, then I would suggest you take a look at the two listed below.
Here's why I think they are among the highest quality options for blue chip investors to choose from right now:
Ramsay Health Care Limited (ASX: RHC)
Trading conditions have been tough for Ramsay Health Care in 2020 because of the pandemic. However, I believe it is worth looking beyond this short term pain and focusing on the long term. Thanks to its world class network of private hospitals, I believe it is positioned to benefit from the expected increase in demand for healthcare services in the future. This is due to ageing populations, increased chronic disease burden, and advancements in treatments.
Another positive is the company's penchant for acquisitions. Over the last decade or two the company has been acquiring its way into new markets. Combined with organic growth, this has underpinned solid earnings growth over the long term. Pleasingly, I expect more of the same over the next decade or two. I feel this could mean the Ramsay share price provides investors with strong total returns over the long term.
REA Group Limited (ASX: REA)
A final blue chip ASX share to buy is this property listings company. Like Ramsay, times have been hard for REA Group recently. As well as contending with a housing market crash in the late 2010s, it has had to battle the pandemic in 2020. But, amazingly, it has managed to still deliver solid earnings growth through these periods.
So with house prices tipped to rise next year once the pandemic passes, trading conditions could be about to improve greatly. I expect this to lead to higher listing volumes and an acceleration in its profit growth in the coming years. Especially given new revenue streams, costing cutting, and price increases.
In addition to this, the company recently increased its interest in India-based Elara Technologies to a controlling level. This could be a big boost to its revenues in the late 2020s. Management commented: "With over 700 million internet users and roughly half a billion yet to come online, our increased investment in Elara will allow REA to be at the forefront of the considerable long-term opportunities within India, and the digitisation of the real estate sector."
