If you're wanting to add some diversification to your portfolio in March, then you might want to look at exchange traded funds (ETFs).
ETFs help investors achieve this because they provide easy access to a large and diverse number of different shares through a single investment.
With that in mind, listed below are two ETFs which could be worth considering. Here's what you need to know about them:
BetaShares Global Cybersecurity ETF (ASX: HACK)
The first ETF to look at is the BetaShares Global Cybersecurity ETF. It aims to track the performance of an index that gives investors with exposure to the growing global cybersecurity sector.
Given how cybercrime is on the rise, demand for cybersecurity services is expected to rise strongly over the coming decade and beyond. And as this industry is heavily under-represented on the ASX, this ETF give investors an easy way to invest in the best companies in the space.
Among those companies are industry giants such as Accenture, Cisco, Cloudflare, Crowdstrike, and Okta.
Over the last three years, the fund has generated a return of 20.26% per annum.
iShares Global Consumer Staples ETF (ASX: IXI)
Another ETF to look at is the iShares Global Consumer Staples ETF. This fund has been designed to measure the performance of global consumer staples companies. This includes companies that produce essential products such as food, tobacco, and household items.
Given how demand for these types of products is relatively consistent whatever the economy throws at them, this ETF is likely to be suitable for investors that are looking for low risk options.
Among its holdings are the likes of Coca-Cola, Nestle, PepsiCo, Procter & Gamble, Unilever, and Walmart.
Over the last 10 years, the iShares Global Consumer Staples ETF has generated an average total return of 9% per annum.
