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.
Where to invest $1,000 right now
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Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of February 15th 2021
James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of BETANASDAQ ETF UNITS. The Motley Fool Australia owns shares of and has recommended BetaShares Asia Technology Tigers ETF. The Motley Fool Australia has recommended BETANASDAQ ETF UNITS and Vanguard MSCI Index International Shares ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.