2 fantastic blue chip ASX 200 shares for your portfolio

If you want to construct a balanced portfolio, having a few blue chip ASX shares in there would be a smart move.

But with so many to choose from, it can be hard to decide which ones to buy. To narrow things down for you, I have highlighted two ASX blue chip shares that come highly rated:

The first blue chip ASX 200 share to look at is BHP. The Big Australian is one of the world’s largest miners and owns a diverse portfolio of world class and low cost operations.

While BHP has exposure to a wide range of commodities, the key commodity right now is iron ore. Incredibly, the spot iron ore price is currently trading above US$190 per tonne and is threatening to break through the US$200 level in the near future. It is thanks largely…