Looking for more information on popular tech-focused exchange traded funds (ETFs)? Then read on!
Below are two popular ETFs which have been performing strongly for investors in 2020. Here's what you need to know about them:
BetaShares Asia Technology Tigers ETF (ASX: ASIA)
The BetaShares Asia Technology Tigers ETF share price has risen an impressive 52.5% since the start of the year. Investors appear to be attracted to the fund due to its exposure to some of the most promising technology companies in the world.
BetaShares Asia Technology Tigers gives investors access to a total of 50 of the largest technology and ecommerce companies that have their main area of business in Asia (excluding Japan). This means investors will be buying a slice of 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. In light of this, the sector is expected to remain a growth sector for a long time to come.
BetaShares Global Cybersecurity ETF (ASX: HACK)
The BetaShares Global Cybersecurity ETF share price hasn't performed quite as strongly as the one above, but it is still beating the market. Since the start of the year, it has provided investors with a return of 10.2%.
As its name implies, the BetaShares Global Cybersecurity ETF has been designed to track the performance of an index that provides exposure to the leading companies in the global cybersecurity sector.
BetaShares points out that with cybercrime on the rise, demand for cybersecurity services is expected to grow strongly for the foreseeable future. In addition to this, there is very little exposure to this thematic on the Australian share market, which makes this ETF a unique opportunity for investors.
Included in the fund are both global cybersecurity giants and emerging players from a range of global locations. Among its top holdings you'll find Crowdstrike, Okta, Accenture, Cisco, and Cloudflare.
