One investment option that is growing in popularity each month is exchange traded funds (ETFs).
And it certainly isn't hard to see why ETFs are so popular with investors.
Not only are they an easy way to invest your hard earned money, they provide you with options that were unthinkable a decade ago. If you can imagine it, there's probably an ETF for it out there.
But given the many options, it can be difficult to decide which ones to buy above others.
To narrow things down, I have picked out two ETFs that are highly rated right now. Here's what you need to know about them:
BetaShares Global Cybersecurity ETF (ASX: HACK)
With the world rapidly shifting online for everything from tax returns to banking, cyber security has become incredibly important.
In light of this, demand for cyber security services continues to increase and shows no sign of slowing.
The BetaShares Global Cybersecurity ETF could be a great way to gain exposure to this trend. It provides investors with exposure to the leading companies in the global cybersecurity sector.
This means you'll be buying a slice of companies such as Accenture, Cisco, Cloudflare, Crowdstrike, and Okta.
VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)
Another technological trend that investors may want to gain exposure to is video gaming.
Investors can achieve this through the VanEck Vectors Video Gaming and eSports ETF. This ETF gives investors access to a portfolio of the largest companies involved in video game development, hardware, and esports.
Among the companies included in the fund are giants such as Nvidia, Take-Two, and Electronic Arts.
VanEck notes that these companies are in a position to benefit from the increasing popularity of video games and eSports. Furthermore, the fund manager points out that the fund gives investors the opportunity to diversify their portfolio by providing tech options outside FAANG stocks.
