Readers that want to build their wealth over the long term might want to consider the exchange traded funds (ETFs) in this article.
Let's dig a little deeper into these investment options and see what they offer investors.
Betashares Global Cash Flow Kings ETF (ASX: CFLO)
The Betashares Global Cash Flow Kings ETF could be one to consider buying. It focuses on global companies with strong free cash flow.
The fund manager, Betashares, notes that companies that generate high levels of free cash flow historically have tended to outperform broad global equity benchmarks over the medium to long term. So, if you're making a long term investment, this could tick a lot of boxes.
Betashares, which recommended the ETF as one to buy for 2024, also highlights that it could serve as a core exposure to global equities or alongside existing low-cost passive global ETFs. Its holdings include giants such as Alphabet (NASDAQ: GOOG), Visa (NYSE: V), and cyber security leader Accenture (NYSE: ACN).
BetaShares Global Cybersecurity ETF (ASX: HACK)
Another ASX ETF that could be a great buy and hold option is the BetaShares Global Cybersecurity ETF.
As its name implies, this fund provides investors with access to the cybersecurity industry. This side of the technology sector has been tipped to grow materially in the future, which could make it a great place to be for investors.
In fact, Betashares highlights that "an estimate of the total addressable market by McKinsey suggests that the cybersecurity market is $1.5-$2.0 trillion globally, and at best only 10% penetrated with a very long runway for growth."
Betashares Global Quality Leaders ETF (ASX: QLTY)
A third ASX ETF to look at is the Betashares Global Quality Leaders ETF, which Betashares' chief economist, David Bassanese, recommended year.
This fund is focused on investing in the highest quality companies in the world. There are approximately 150 companies that rank highly on four key metrics: return on equity, debt-to-capital, cash flow generation, and earnings stability.
Given how the highest quality companies have a tendency to deliver strong returns, this ETF could be a great buy and hold pick.
Vanguard MSCI Index International Shares ETF (ASX: VGS)
A final ASX ETF to buy and hold is the Vanguard MSCI Index International Shares ETF. It offers investors easy access to a group of approximately 1,500 of the world's largest listed companies from major developed countries.
Vanguard highlights that this gives investors exposure to a diverse group of stocks that allow them to participate in the long-term growth potential of international economies. This could make it a great option if you're wanting to diversify your portfolio with minimal effort.
