If you don't have sufficient funds to build a truly diverse portfolio, then exchange traded funds (ETFs) could be a quick fix. This is because ETFs give investors access to a large number of different shares through a single investment.
With that in mind, I have picked out three ETFs that trade on the ASX that could be good options. Here's what you need to know about them:
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BetaShares Asia Technology Tigers ETF (ASX: ASIA)
If you're interested in gaining exposure to the growing Asian economy, then the BetaShares Asia Technology Tigers ETF could help you achieve it. This ETF gives investors access to a number of the most promising tech shares in the Asian market. This means you'll be owning a slice of well-known companies such as ecommerce giant Alibaba, search engine company Baidu, and WeChat owner Tencent.
BetaShares NASDAQ 100 ETF (ASX: NDQ)
If you're more interested in the US tech sector, then the BetaShares NASDAQ 100 ETF could be one to consider. This ETF provides exposure to the 100 largest non-financial shares on the NASDAQ index. Among the 100 shares included in the fund are household names and some of the highest quality companies in the world. This includes giants such as Amazon, Apple, Facebook, Microsoft, Netflix, and Tesla.
Vanguard MSCI Index International Shares ETF (ASX: VGS)
A final ETF to look at is the Vanguard MSCI Index International Shares ETF. This ETF provides investors with exposure to a massive 1,507 of the world's largest listed companies from major developed countries. This arguably makes it as diverse as it gets for investors. Among the companies you'll be buying a slice of are Apple, Johnson & Johnson, JP Morgan, Nestle, Procter & Gamble, and Visa. Vanguard notes that this allows investors to participate in the long-term growth potential of international economies outside Australia.
