Building wealth doesn't have to mean picking individual shares or timing the market.
For many investors, exchange-traded funds (ETFs) are the solution, offering a simple, diversified, and cost-effective way to grow wealth over time.
With one trade, you can gain exposure to hundreds of stocks across the globe, and let compounding and market growth do the heavy lifting.
Here are three powerful ASX ETFs that could help investors grow their portfolios steadily over the next decade and beyond.
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Betashares Nasdaq 100 ETF (ASX: NDQ)
If you believe in the power of innovation, then the Betashares Nasdaq 100 ETF could be one of the most compelling ETFs on the market.
This fund provides exposure to 100 of the largest non-financial stocks listed on the Nasdaq. This includes giants such as Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), NVIDIA (NASDAQ: NVDA), and Amazon (NASDAQ: AMZN).
These global leaders have consistently outperformed the broader market over the long term thanks to their strong balance sheets, pricing power, and relentless focus on technology-driven growth. And given their leadership positions in artificial intelligence (AI) and other new technologies, their futures look very bright. This could help them continue to outperform over the next decade.
Betashares Global Quality Leaders ETF (ASX: QLTY)
The Betashares Global Quality Leaders ETF could be another top option for Aussie investors.
This fund invests in around 150 high-quality global stocks that consistently demonstrate high returns on equity, low debt, and stable earnings. These are the kind of characteristics that make businesses reliable long-term performers.
Current holdings include global powerhouses like Visa (NYSE: V), Netflix (NASDAQ: NFLX), and locally listed ResMed Inc. (ASX: RMD). These are companies that generate dependable cash flows and have proven their ability to thrive through economic cycles.
Analysts at Betashares recently named this ASX ETF as one to consider buying.
Vanguard MSCI Index International Shares ETF (ASX: VGS)
Finally, for those who want global diversification, the Vanguard MSCI Index International Shares ETF ticks all the boxes.
This ASX ETF tracks more than 1,200 stocks across major developed markets, including the United States, Japan, and Europe. This gives investors broad exposure to global economic growth while reducing reliance on any single market or sector.
Top holdings include the likes of Johnson & Johnson (NYSE: JNJ), Toyota Motor Corp (TYO: 7203), and Broadcom (NASDAQ: AVGO). Overall, it is one of the effective ways to build long-term wealth through global equities.
