The ASX blue-chip share space is a great place to find high-quality opportunities that can provide stability and long-term growth. Some leading fund managers have revealed where they see opportunities.
The listed investment company (LIC) WAM Leaders Ltd (ASX: WLE) focuses on large ASX shares that are quality and can deliver good returns.
Let's take a look at two ASX blue-chip shares that the Wilson Asset Management (WAM) team likes.
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Rio Tinto Ltd (ASX: RIO)
The ASX mining share produces a range of commodities, including iron ore, copper, lithium, aluminium, and bauxite.
WAM noted that the miner continued to perform well with its release of "solid" quarterly production in the three months to March 2026.
The fund manager said that production across key commodities demonstrated resilience despite weather-related disruptions to Pilbara iron ore shipments.
WAM said there has been a broad improvement in global market sentiment towards the Chinese economy, alongside supportive policy signals from the Chinese government, which gave (and could give) tailwinds for the Rio Tinto share price.
China is a key importer of iron ore, so confidence in the Chinese economy and policy changes from its government are "significant" for ASX mining shares.
The investment team explained that Rio Tinto remains a core holding in the WAM Leaders portfolio for several reasons. Firstly, WAM believes the market could continue to see further improvements in confidence about China.
WAM thinks that the Rio Tinto share price remains attractive, with the implied iron ore price by the Rio Tinto share price (at the time of writing) "representing a meaningful discount to both current and longer-term average market prices."
Goodman Group (ASX: GMG)
The other ASX blue-chip share that WAM highlighted was Goodman Group, a global industrial property owner and developer.
WAM noted that commercial negotiations with prospective customers across multiple development projects globally are progressing well, with formal contracts expected to be signed over the rest of the year.
The trajectory gives the market increased confidence that upcoming projects will begin generating earnings in the near term.
WAM Leaders then explained why this ASX blue-chip share is so appealing right now:
The WAM Leaders investment team continues to see significant runway ahead for Goodman Group, driven by the global infrastructure build-out needed to support artificial intelligence (AI) demand, and the company's development platform that is difficult to replicate at scale.
Of course, these aren't the only ASX shares out there that could be great buys.
