Well, we're officially in spring and the S&P/ASX 200 Index (ASX: XJO) has certainly sprung today, up 0.89% at the time of writing to 6,113.50 points. With the turn of the month and the season, I'm taking a good look at my portfolio and wondering which ASX shares I would love to add this month, at the right price of course. So here are the top 3 ASX shares I would love to buy this September (not in any particular order):
3 ASX shares I'd like buy this month
Telstra Corporation Ltd (ASX: TLS)
Telstra shares have just had a shocker of a month, falling 15% over August. The catalyst for this dive was Telstra's FY2020 earnings report, which wasn't exactly optimistic about how much money the company will be earning in FY2021. Even so, Telstra reaffirmed its generous 16 cents per share dividend, which on current prices offers a trailing yield of 5.48%. Investors clearly aren't too certain that Telstra will continue to be able to fund this dividend beyond next year, but I beg to differ. Telstra has more than enough free cash flow to keep the dividend going in my view. As such, I think Telstra is a buy at these near 52-week lows we are seeing today.
2) MFF Capital Investments Ltd (ASX: MFF)
MFF is a listed investment company (LIC) that I would also love to add to my portfolio this September. MFF mostly invests in United States-listed shares that it aims to hold long term. Payments companies Mastercard Inc (NYSE: MA) and Visa Inc (NYSE: V) currently top MFF's portfolio, but it also includes Home Depot Inc and Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK.A)(NYSE: BRK.B) among others. I like MFF as its managers aren't afraid to go against the crowd. The portfolio currently holds more than 38% of its assets in cash, which should give the company plenty of ammunition if the share market drops again in the next few months. Because of this defensiveness, I'm looking to add more MFF to my portfolio this September.
3) BetaShares FTSE 100 ETF (ASX :F100)
My last share is this exchange-traded fund (ETF) from BetaShares. F100 tracks the 100 largest companies listed on the London Stock Exchange (LSE). The LSE has a similar reputation to the ASX in that British companies tend to offer large dividends. Some of the top stocks in this ETF are Unilever, AstraZeneca, BP, GlaxoSmithKline, HSBC Holdings plc (LSE: HSBA) and British American Tobacco. I like this ETF as it still looks fairly cheap to me right now. Since 23 March, F100 units are 'only' up around 11%, compared to the ASX 200, which is up more than 33%. Currently, this ETF is offering a trailing distribution yield of 2.6%, which I think will rise even higher in a few years' time once the coronavirus pandemic is (hopefully) history.
