If you don't have the funds to build a truly diverse portfolio, then exchange traded funds (ETFs) could be worth considering.
This is because ETFs give investors access to a large number of different shares through just a single investment.
With that in mind, I have picked out three ETFs that trade on the ASX that could be good options. They are as follows:
BetaShares Asia Technology Tigers ETF (ASX: ASIA)
The BetaShares Asia Technology Tigers ETF gives investors exposure to a number of the most promising tech shares in the Asian market. This means you'll be buying a slice of well-known companies such as ecommerce giant Alibaba, search engine company Baidu, and WeChat owner Tencent. In addition to those, there are a number of other lesser known but high quality companies included in the fund. This includes the likes of Netease and Pinduoduo.
BetaShares NASDAQ 100 ETF (ASX: NDQ)
The BetaShares NASDAQ 100 ETF gives you exposure to the 100 largest non-financial shares on the NASDAQ index. Among the 100 companies included in the fund are household names such as Amazon, Apple, Facebook, and Microsoft. While the fund has a high weighting to the tech sector, there are also a number of outstanding non-tech shares as well. These include Mondelez, Moderna, Pepsico, Starbucks, and Tesla.
Vanguard MSCI Index International Shares ETF (ASX: VGS)
A final ETF to consider is the Vanguard MSCI Index International Shares ETF. This ETF provides investors with exposure to a whopping 1,530 of the world's largest listed companies from major developed countries. This means that investors are able to participate in the long-term growth potential of international economies outside Australia. If you buy this ETF, you'll be buying a slice of companies such as Apple, Johnson & Johnson, JP Morgan, Nestle, Procter & Gamble, and Visa.
