Blue-chip investing does not have to mean buying the same few ASX names every time.
There are plenty of large, high-quality companies outside the most obvious banks, miners, and supermarket giants. Some of them have global earnings streams, strong industry positions, and long runways for growth.
If I were looking to buy ASX 200 blue-chip shares in June, these are two I would consider.
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Goodman Group (ASX: GMG)
Goodman is one blue-chip share I would buy.
It is often placed in the property bucket, but I think that misses part of the point.
Goodman has spent years building a portfolio and development pipeline around locations that modern businesses need. These are sites close to cities, transport links, consumers, supply chains, and increasingly power infrastructure.
That is a valuable position to be in. The world is asking more from physical infrastructure. Companies want faster logistics, more efficient distribution, and better-located facilities. At the same time, the growth of cloud computing and artificial intelligence (AI) is increasing demand for data centres and the land and power needed to support them.
Goodman is one of the few ASX 200 shares that can benefit from both trends.
The share price can be sensitive to interest rates, development costs, and expectations around data centre growth. But I like the way Goodman combines real assets with a disciplined operating model and global customer relationships.
For me, it is a blue chip that still has meaningful growth optionality.
Aristocrat Leisure Ltd (ASX: ALL)
Aristocrat is the second blue-chip ASX 200 share I would consider buying.
This is a business with a very different profile. It has a strong position in gaming machines, digital gaming, and content development.
What I like about Aristocrat is its product quality. In gaming, the best content can keep players engaged and help venue operators earn strong returns from their machines. That gives Aristocrat an advantage if it continues to invest well in design, maths, themes, hardware, and user experience.
The company also has a strong balance sheet and a history of returning capital to shareholders when it has the capacity to do so. That financial strength gives it room to invest, make acquisitions, and manage through softer periods.
There are risks. Gaming is regulated, consumer behaviour can change, and digital growth is not guaranteed. But Aristocrat has built a global business with valuable intellectual property, deep customer relationships, and a strong track record in product innovation.
I think that makes it one of the more attractive ASX 200 blue chips outside the usual defensive names.
Foolish Takeaway
A blue-chip portfolio does not need to be built only around the most familiar ASX shares.
What I like about these two businesses is that they have already achieved scale, but still have ways to keep growing. One is tied to the physical infrastructure needed by modern supply chains and digital services. The other depends on product quality, intellectual property, and global customer relationships.
Both carry risks, but for investors looking beyond the usual blue-chip choices in June, I think these two ASX 200 shares are worth a closer look.
