Why these 3 ASX shares smashed it in 2020

In a year where the S&P/ASX 200 Index (ASX: XJO) just broke even, it’s worth having a look at shares that outperformed, and outperformed strongly.

These 3 ASX shares have smashed it out of the park this year, and here’s why.

One of Australia’s ASX darlings, Xero has steadily climbed its way from $80 a share at the end of 2019, to $145.63 at the time of writing — an impressive 82% return for the year.

Back in March, the workforce collectively gave up the daily commute for a short walk to their new home desk. Many businesses were forced to adopt a cloud-based environment. For many companies, it meant expanding upon their existing licenses for cloud-based software.

Xero was well placed for this shift, with the company now…