I firmly believe that buy and hold investing is one of the best ways to grow your wealth.
But if you're not a fan of stock picking, don't worry. That's because you could consider buying exchange traded funds (ETFs) instead.
These funds eliminate the need to pick stocks because they allow you to buy large groups of them with a single click of a button.
With that in mind, listed below are a couple of ASX ETFs that could be top buy and hold options for investors:
iShares Global Consumer Staples ETF (ASX: IXI)
If you have a low tolerance for risk, then the iShares Global Consumer Staples ETF could be a good option. That's because this ETF gives investors exposure to many of the world's largest consumer staples companies. These are companies that perform well whatever is happening in the global economy. Among its holdings are Coca-Cola, Nestle, Procter & Gamble, and Unilever.
Over the last 10 years, the fund the ETF tracks has generated a return of 9.1% per annum for its investors.
VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)
Arguably the best ASX ETF to buy and hold is the VanEck Vectors Morningstar Wide Moat ETF. This ETF has been built to give investors access to the type of companies that you would want to hold for the long term. They have sustainable competitive advantages and fair valuations. These are the qualities that Warren Buffett looks for when he makes investments. And given his track record over multiple decades, it is hard to argue against this focus.
Over the last decade, the fund this ASX ETF tracks has delivered a mouth-watering average total return of 17.1% per annum.
