Here's why this ETF could be a top option for ASX investors

There are a large number of exchange traded funds (ETFs) to choose from on the Australian share market.

One quality option for investors to consider is the BetaShares Global Cybersecurity ETF (ASX: HACK).

What is the BetaShares Global Cybersecurity ETF?

The BetaShares Global Cybersecurity ETF provides investors with access to the leading tech companies in the growing global cybersecurity sector

This sector certainly is a great place for investors to be right now, with the threat of cyber attacks on governments and businesses continuing to grow.

In fact, research by global giant Accenture reveals that ransomware events more than doubled in 2020.

It commented: "Established ransomware operators are upping their game as they continue to focus on new monetization opportunities. The Accenture Cyber Investigations and Forensic Response (CIFR) team observed a 160% year-on-year increase in ransomware events in 2020—with little signs of any slowdown in early 2021. To plan for resilience, organizations should focus on the business and operational risks presented by the threat across their unique value chain—and prioritize planning and defense efforts accordingly."

In light of this growing threat, demand for cybersecurity services has been increasing at a rapid rate and looks set to continue doing so in the future. This should be good news for the 40 companies included in this ETF.

Which companies are included?

Among the 40 companies that you'll be buying a slice of are both global cybersecurity giants and emerging players from a range of global locations.

These include Accenture, Cisco, Crowdstrike, Fortinet, Okta, Splunk, and VMware.

Over the last three years this group of companies have collectively smashed the market, leading to the BetaShares Global Cybersecurity ETF generating an average total return of 18.8% per annum.

This compares to a 10.2% per annum average total return by the S&P/ASX 200 Index (ASX: XJO) over the same period.