A new month is upon us, so what better time to consider an addition or two to your portfolio.
If you’re interested in growth shares then I think the three shares listed below could be worth considering in September. Here’s why I like them:
BetaShares Asia Technology Tigers ETF (ASX: ASIA)
The first ASX growth share to consider buying is actually an exchange traded fund (ETF) that gives investors access to a group of the most promising technology companies in the Asian market. A total of 50 of the largest technology and ecommerce companies that have their main area of business in Asia (excluding Japan) are included in the fund. These include tech giants such as Alibaba, Baidu, JD.com, and Tencent Holdings. BetaShares notes that due to its younger, tech-savvy population, Asia is surpassing the West in respect to technological adoption. As a result, the sector is anticipated to remain a growth sector for a long time to come. I believe this bodes well for the 50 companies included in the fund.
A second growth share to consider buying is NEXTDC. It is an innovative data centre-as-a-service provider with a growing network of centres in key locations across Australia. NEXTDC has been a very strong performer this year because of the accelerating shift to the cloud. This has driven exceptionally strong demand for its services and appears to have positioned the company to deliver stellar profit growth in the coming years. The company also has the option to accelerate its growth through further expansions in capacity, its network, and perhaps even into the Asia market. Overall, I believe the NEXTDC share price could be a market beater over the 2020s.
Pushpay Holdings Group Ltd (ASX: PPH)
A final growth share that I would buy is Pushpay. It is a donor management platform provider for the faith, not-for-profit, and education sectors which has carved out a big slice of the massive U.S. market in recent years. Pleasingly, thanks to the quality of its platform, it appears well-placed to continue growing its share over the 2020s. Especially given the US$87.5 million acquisition of church management system provider Church Community Builder last year. This acquisition has strengthened its offering and looks set to support margin expansion over the coming years. And while the Pushpay share price may have doubled in value over the last 12 months, I don’t believe it is too late to invest. I’m confident its shares can still go materially higher from here over the next decade.