Exchange traded funds (ETFs) continue to grow in popularity with investors and it isn't hard to see why.
Through just a single investment, investors are now able to put their hard-earned money into areas of the global share market that were previously beyond reach.
One of those areas is China, and the Chinese technology sector to be more precise. This is achieved through the BetaShares Asia Technology Tigers ETF (ASX: ASIA).
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Why is the BetaShares Asia Technology Tigers ETF a good option?
The BetaShares Asia Technology Tigers ETF could be worth considering if you're interested in growth shares.
This is because the fund gives investors exposure to 50 of the most exciting tech shares in the Asia market (excluding Japan).
BetaShares notes that due to its younger, tech-savvy population, Asia is surpassing the West in terms of technological adoption. As a result, the sector is anticipated to remain a growth sector for some time to come.
Which companies will you be buying a slice of?
Among the fund's holdings you will find the likes of Alibaba, Baidu, JD.com, Meituan Dianping, Pinduoduo, Samsung, and Tencent.
In respect to Baidu, it is often referred to as China's version of Google. As Google is not able to operate in China, this has allowed Baidu to become the dominant search engine in the country by some margin. It also operates the iQIYI video streaming service, which is China's equivalent of Netflix, and is aiming to become a self-driving powerhouse.
Another quality company in the fund is Pinduoduo. It is an e-commerce platform that offers a wide range of products from daily groceries to home appliances. Its platform connects distributors with consumers directly through an interactive shopping experience. This allows shoppers to team up to buy items at lower prices. In March, the company surpassed Alibaba with the most active customers – 788 million.
A final company to know about in the fund is Tencent. It is a multinational technology conglomerate and one of the largest companies in the world. Its communication and social platforms, Weixin (WeChat) and QQ, connect over a billion users with each other and with digital content and services.
