I’d buy this market-beating ASX consumer staples share to help protect my portfolio against inflation

Consumer staples companies are a popular choice for ASX share investors looking for market-beating investments. These companies produce essential items like food, drinks, and household goods, making them less susceptible to economic downturns. In addition, they have the ability to raise prices in response to inflation, providing a level of protection for investors.

One way to invest in consumer staples is through the iShares Global Consumer Staples ETF (ASX: IXI), which holds a diverse range of global and ASX consumer staples shares. Some familiar names in the ETF’s portfolio include Woolworths, Coles, Coca-Cola, PepsiCo, and Nestle. These companies produce products that consumers buy regularly, regardless of economic conditions.

The performance of the iShares Global Consumer Staples ETF has been impressive, outperforming a generic market-mirroring index fund over the past five and ten years. This demonstrates the value of investing in consumer staples shares for long-term returns. As an ASX share investor, this ETF has been a solid addition to my portfolio.