There are some wonderful ASX shares available to Aussies to buy, which could outperform the stock market over the long-term.
I'm focused on businesses that are growing their top line and bottom line at a pleasing pace. When profit is soaring, it means the underlying value of the business is rapidly rising.
I'm going to talk about stocks that look good value to me and could beat the market with a $5,000 investment.
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GQG Partners Inc (ASX: GQG)
I think GQG, a fund manager, is one of the most undervalued ASX shares right now, in my view.
When I consider ASX growth shares, I'm looking at a combination of what their valuation is and how much growth they're delivering. A company with a price/earnings (P/E) ratio of close to 10 doesn't need to be growing earnings at 50% per year to be a good investment. Just 10% earnings growth could be appealing for an ASX share like GQG.
The business recently reported its latest monthly update, which was for May 2025. In that, it revealed that funds under management (FUM) had increased by 3% month over month, or US$4.9 billion in dollar terms. It was helped by US$1.4 billion of net inflows.
The fact that the ASX share is seeing more than US$1 billion of net flows each month is very pleasing for earnings, considering the FUM is also rising thanks to the investment performance of its funds.
I'm not expecting FUM to rise every month, but it does seem as though FUM can keep climbing year over year, assuming there isn't a market crash.
According to an estimate by Macquarie, GQG is trading at less than 9x FY25's estimated earnings, which seems very cheap to me.
Global X S&P World EX Australia GARP ETF (ASX: GARP)
I'm a big believer in Australians gaining international share diversification one way or another. Exchange-traded funds (ETFs) make it easy to achieve that because of how they can invest in a large basket of shares at once.
The GARP ETF owns a diversified portfolio of 250 companies spread across different countries and sectors. I'm calling it an ASX share because we can buy it on the ASX.
It identifies and invests in global companies with strong earnings growth and solid financial strength which are trading at reasonable valuations. That's an attractive combination in my opinion.
This very effective investment strategy comes with an annual management cost of just 0.30%, which is pleasing considering the amount of research that has seemingly gone into creating this portfolio.
I believe this strategy is well-designed to outperform the S&P/ASX 200 Index (ASX: XJO) and the global share market over the long-term, which is why I'd be very willing to invest in it this year and beyond.
