The only problem is that not everyone has the time or capital required to build a diverse portfolio of high-quality ASX shares.
The good news is that exchange-traded funds (ETFs) are here to save the day. They provide investors with the opportunity to invest in large numbers of shares through a single investment.
But which ETFs could be top buy and hold investment options? Let's take a look at three candidates:
BetaShares Global Cybersecurity ETF (ASX: HACK)
The first ASX ETF to consider as a buy and hold investment is the BetaShares Global Cybersecurity ETF. With spending on cybersecurity expected to increase materially over the next couple of decades as more infrastructure moves to the cloud, the companies included in this fund looked well-positioned to benefit. This includes cybersecurity leaders such as Accenture, Cisco, Cloudflare, Crowdstrike, Okta, and Palo Alto Networks.
iShares S&P 500 ETF (ASX: IVV)
The iShares S&P 500 ETF could be another great buy and hold option for investors. It provides easy access to 500 of the top listed companies on Wall Street. This means you'll be investing in a truly diverse group of shares from a range of different sectors. Among its holdings are household names such as Amazon, Apple, and Walt Disney.
Vanguard MSCI Index International Shares ETF (ASX: VGS)
A final ASX ETF for investors to consider buying and holding is the Vanguard MSCI Index International Shares ETF. This popular ETF gives investors access to over 1,000 of the world's largest listed companies. Among the companies that you'll be investing in are global giants including Johnson & Johnson, Nestle, and Visa.