2 ETFs that could be buys today for any ASX share portfolio

These two ETFs could fit into any ASX portfolio…

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Exchange-traded funds (ETFs) can be a great way to easily boost your ASX share portfolios diversification. That's because an ETF can hold dozens, hundreds or even thousands of underlying shares within it. As such, you are technically adding exposure to all such shares when you buy a single ETF.

The most popular ASX ETFs on the market today are index funds – those that track a broad-market benchmark like the S&P/ASX 200 Index (ASX: XJO) However, there are others out there that could prove even better for diversification purposes. Here are 2 such funds:

iShares Global Consumer Staples ETF (ASX: IXI)

This ETF from iShares invests in a basket of companies that all dwell within the consumer staples sector. Consumer staples are goods or services that we humans tend to need, rather than want. As such, companies that sell food, drinks, household essentials and other life basics make up most of the holdings of this ETF. 'Sin stocks' that manufacture vices like alcohol and tobacco are also included. The appeal of this sector rests on this 'essential nature'. Companies that sell consumer staples are arguably likelier to be resistant to recessions, inflation and other economic troubles. That's simply because they are the last things that people tend to stop buying in times of trouble.

This iShares ETF invests in a global basket of more than 90 of these companies. Most of its holdings hail from the United States, with names like the Coca-Cola Co (NYSE: KO), Colgate-Palmolive Company (NYSE: CL), Altria Group Inc (NYSE: MO) and Walmart Inc (NYSE: WMT). But there are other geographies represented too, including our own with the inclusion of Woolworths Group Ltd (ASX: WOW) and the A2 Milk Company Ltd (ASX: A2M).

This ETF charges a management fee of 0.46% per annum.

BetaShares Global Cybersecurity Etf (ASX: HACK)

This ETF from BetaShares invests in an area that's a little different. Cybersecurity is arguably one of the most important industries of the 21st century, and will likely only grow in importance as more and more 'stuff' is done online. That's the trend that this ETF tries to capture.

HACK invests in a basket of global companies all dedicated to cybersecurity efforts. Like IXI, many of its holdings are from the USA. But there is still some representation from Israel, Britain and Japan here too. Some of this fund's top holdings include names like Cisco Systems Inc (NASDAQ: CSCO), CrowdStrike Holdings Inc (NASDAQ: CRWD), Zscaler Inc (NASDAQ: ZS) and Cloudflare Inc (NYSE: NET).

HACK charges a management fee of 0.67% per annum.

Motley Fool contributor Sebastian Bowen owns shares of Altria Group, Cloudflare, Colgate-Palmolive and Coca-Cola. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and has recommended BETA CYBER ETF UNITS and CrowdStrike Holdings, Inc. The Motley Fool Australia owns shares of and has recommended BETA CYBER ETF UNITS, Woolworths Limited, and iShares Global Consumer Staples ETF. The Motley Fool Australia has recommended A2 Milk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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