If you're wanting to diversify your portfolio, then you might want to look at exchange traded funds (ETFs). ETFs provide investors with easy access to a large number of different shares through a single investment.
This makes them a great option if you're seeking diversification but don't have the funds to spread across a sufficiently large enough number of individual shares.
With that in mind, listed below are two ETFs that are highly rated. Here's what you need to know about them:
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BetaShares Global Cybersecurity ETF (ASX: HACK)
The first ASX ETF to look at is the BetaShares Global Cybersecurity ETF. As you may have guessed from its name, this fund provides investors with exposure to the leading companies in the rapidly growing global cybersecurity sector.
Included in the fund are a number of global cybersecurity giants and emerging players. This includes the likes of Accenture, Cisco, Cloudflare, Crowdstrike, and Okta.
In respect to the latter, Okta provides businesses with workforce identity solutions. This ensures that access to information is given only to those that are meant to have it. Given the importance of data protection, this is unsurprisingly in demand with businesses right now. This has led to Okta delivering explosive sales growth in recent years. In fact, it recently released its full year results and revealed a 43% jump in revenue to US$835.4 million.
Vanguard MSCI Index International Shares ETF (ASX: VGS)
A second ETF to consider is the Vanguard MSCI Index International Shares ETF. If diversification is what you are looking for, then it would be very hard to beat this one.
The Vanguard MSCI Index International Shares ETF provides investors with exposure to 1,528 of the world's largest listed companies from major developed countries. This allows investors to participate in the long-term growth potential of international economies outside Australia.
Among its largest holdings are giants such as Apple, Johnson & Johnson, JP Morgan, Nestle, Procter & Gamble, and Visa.
