That's because they allow you to invest in large groups (sometimes thousands!) of shares in one fell swoop.
This means you can instantly diversify a portfolio and then sit back and let compounding do its thing.
But which ASX ETFs could be great options for buy and hold investors? Well, there are plenty to choose from, but three of the best could be as follows:
BetaShares Asia Technology Tigers ETF (ASX: ASIA)
If you are bullish on the long-term outlook for the Asian economy, then it could be worth looking at the BetaShares Asia Technology Tigers ETF. That's because this ETF gives investors access to the best tech stocks in the Asian market (excluding Japan). Among the companies you will be buying are regional giants such as e-commerce behemoth Alibaba, search engine leader Baidu, and WeChat owner Tencent.
BetaShares NASDAQ 100 ETF (ASX: NDQ)
If you want to invest in the biggest and arguably best companies that the world has to offer, then you might want to check out the BetaShares NASDAQ 100 ETF. This popular ETF gives investors exposure to 100 shares from the famous NASDAQ index. This is where you will find the Magnificent Seven – Amazon, Alphabet (Google), Apple, Meta Platforms (Facebook), Microsoft, Nvidia, and Tesla.
VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)
Another ASX ETF that could be a great buy and hold option is the VanEck Vectors Morningstar Wide Moat ETF. Over several decades, Warren Buffett has generated market-beating returns for Berkshire Hathaway. One of the keys to the Oracle of Omaha's success has been his focus on companies with fair valuation and wide moats. This ETF has been built with this in mind, giving investors access to a group of shares that have qualities that Buffett looks for when he invests.