5 Best Long-Term Investments for a Child

3. Vanguard Total World Stock Index Fund (NYSEARCA:VT)

Despite the volatility, wars, and geopolitical tensions, the global economy is destined to grow as the population grows and more people come out of poverty. The Vanguard Total World Stock ETF gives exposure to both US and foreign stocks. The fund tracks the performance of the FTSE Global All Cap Index, which covers both well-established and still-developing markets.

Among the top holdings of the ETF are Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), and Amazon.com, Inc. (NASDAQ:AMZN).

Amazon.com, Inc. (NASDAQ:AMZN) was owned by 278 hedge funds tracked by Insider Monkey. The biggest hedge fund stakeholder of Amazon.com, Inc. (NASDAQ:AMZN) was Natixis Global Asset Management’s Harris Associates which owns a $2 billion stake in the company.