Buying ASX shares and owning them for the long-term could be a smart move for wealth building.
The ASX is home to a few very impressive businesses that could deliver strong results and returns.
Here are two ASX shares that I’m very hopeful about for the long-term.
Australian Ethical Investments Ltd (ASX: AEF)
Australian Ethical is a fund manager that provides investors with investment management products that align with their values and provide long-term, risk-adjusted returns.
The business excludes a number of sectors from its investment hunting ground, such as businesses involved with gambling, high emissions transport, fossil fuel mining and energy generation, tobacco stocks, alcohol production, old growth logging, pornography and weapons production.
One of the main benefits of this ASX share is that it provides superannuation for members. That means it’s regularly receiving mandatory contributions every month.
The company reported that funds under management (FUM) reached $14.5 billion as of 30 June 2026, with organic net inflows rising 13% year on year to $664 million, driven by superannuation net inflows of $527 million.
The business saw its revenue climb by 9% in FY26 to $129.5 million, principally because of 11% growth of average FUM, partially offset by an average revenue margin reduction from 0.92% in FY25 to 0.91% in FY26 (primarily due to the inclusion of the lower-margin Altius fixed income FUM.
Its growth is adding to operating leverage. The FY26 underlying cost to income ratio (CTI) improved to 69.8% in FY26, up from 71.4% in FY25.
Underlying diluted earnings per share (EPS) climbed 14% to $0.239 cents. It’s now valued at 17x FY26’s underlying earnings, which I think is a good time to pounce.
Lovisa Holdings Ltd (ASX: LOV)
The other ASX share I want to highlight is Lovisa, which sells cheap jewellery around the world.
It has at least one store across the following countries: the US, Australia, the UK, France, South Africa, Germany, Canada. Malaysia, New Zealand, its Middle East and African franchise, the Netherlands, Poland, Belgium, Ireland, its South America franchise, Singapore, Italy, Hong Kong, Switzerland, Austria, Spain, the UAE, Mexico, Namibia, Botswana, Luxembourg, China, Vietnam, Zambia, Hungary, Romania and Taiwan.
As you can see, the Lovisa business is truly global and has numerous growth avenues that it can pursue, whether that’s in core markets or new ones.
I believe the company can grow its earnings at a double-digit pace for the foreseeable future because it’s expanding its global store network and this is helping grow both its revenue and underlying earnings.
In FY26, the company reported EPS growth of 10.5% following comparable sales growth of 2% and EBITDA (EBITDA explained) growth of 20.9% to $30.1 million.
It’s investing significantly in expanding its store network, so it’s not a surprise that net profit isn’t growing as fast in the short-term. I think the ASX share’s long-term looks very appealing at 27x FY26’s earnings.
