I believe buy and hold investing is one of the best ways to build wealth over the long term.
By investing in quality businesses and giving them time to grow, investors can benefit from compounding returns without needing to constantly buy and sell shares.
And I think ASX exchange traded funds (ETFs) can be particularly useful for this approach, providing exposure to a collection of companies through a single investment.
With that in mind, here are three ASX ETFs to consider buying and holding until 2036.
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Betashares Global Cash Flow Kings ETF (ASX: CFLO)
The first ETF to look at is the Betashares Global Cash Flow Kings ETF.
When investing for the long term, it makes sense to favour businesses that consistently generate strong cash flows.
After all, profits are important, but having cash available allows companies to invest in growth, reduce debt, make acquisitions, and reward shareholders.
And companies that generate plenty of cash can be better placed to navigate difficult economic conditions.
This is essentially what the Betashares Global Cash Flow Kings ETF is looking for. It invests in 200 global companies with strong free cash flow generation, while also considering factors such as debt levels and cash flow growth.
I think this approach could be well suited to investors wanting to own financially strong businesses over the next decade.
Vanguard FTSE Asia ex Japan Shares Index ETF (ASX: VAE)
Another ASX ETF that could be worth buying and holding until 2036 is the Vanguard FTSE Asia ex Japan Shares Index ETF.
I think Asia could offer some excellent long-term opportunities as its economies develop and businesses become increasingly important on the global stage.
The region is already home to major technology companies, manufacturers, financial institutions, and consumer businesses. And over the next decade, I expect rising wealth, technological development, and growing demand for products and services to create further opportunities.
This fund gives investors exposure to companies across markets including China, Taiwan, South Korea, and India. This means that rather than trying to predict which country or company will perform best, investors can gain exposure to a wide selection of Asian businesses.
For investors wanting to look beyond Australia and the United States, this could be an attractive option.
Global X Artificial Intelligence ETF (ASX: GXAI)
A final ASX ETF to consider is the Global X Artificial Intelligence ETF.
Artificial intelligence has already made enormous progress, but I think we are still relatively early in seeing how widely the technology will be adopted.
Businesses are increasingly looking at ways to use AI to improve productivity, reduce costs, and develop new products. And as the technology becomes more capable, there could be opportunities for companies across many industries to benefit.
The Global X Artificial Intelligence ETF provides exposure to businesses involved in developing AI technology, supplying the hardware needed to run it, and incorporating it into products and services.
Of course, there will be plenty of competition, and not every AI investment will deliver the returns investors expect.
But with a decade-long runway, this ETF could offer exciting long-term growth potential.
