Buy and hold investing is arguably one of the best ways to grow your wealth thanks to the power of compounding.
The only problem is that not everyone has the time or capital required to build a diverse portfolio of high-quality ASX shares.
But donât worry because exchange-traded funds (ETFs) are here to make life easy. But which ETFs could be top buy and hold investment options? Letâs take a look at three candidates:
BetaShares Global Cybersecurity ETFÂ (ASX: HACK)
The first ASX ETF to consider as a buy and hold investment is the BetaShares Global Cybersecurity ETF.
Thatâs because spending on cybersecurity is expected to increase materially over the next decade as more infrastructure moves to the cloud and cyberattacks continue.
This bodes well for the companies included in this fund, which are working to reduce the impact of cybercrime globally. This includes Accenture, Cisco, Cloudflare, Crowdstrike, Okta, and Palo Alto Networks.
BetaShares NASDAQ 100 ETFÂ (ASX: NDQ)
Another ASX ETF for investors to consider as a buy and hold option is the BetaShares NASDAQ 100 ETF.
This ETF gives investors access to 100 of the highest-quality companies in the world. This includes the likes of Google parent Alphabet, Amazon, Apple, Facebook owner Meta Platforms, Microsoft, Nvidia, and Tesla.
VanEck Vectors Morningstar Wide Moat ETFÂ (ASX: MOAT)
A third ASX ETF that could be worth considering as a buy and hold option is the VanEck Vectors Morningstar Wide Moat ETF.
This popular ETF focuses on the types of companies that Warren Buffett would buy. These are companies with fair valuations and enduring competitive advantages or moats. And given his track record over multiple decades, itâs hard to argue against following the Oracle of Omahaâs lead.
The ETF generally comprises approximately 50 companies with these qualities, which include the likes of Adobe, Blackrock, Gilead, Kellogg Co, Nike, and Walt Disney.
