If you're looking for some growth shares to add to your portfolio, then you might want to look at the ones below.
Here's what you need to know about these highly rated ASX growth shares:
Image source: Getty Images
BetaShares Asia Technology Tigers ETF (ASX: ASIA)
The first growth share to look at is actually an ETF that gives investors access to a group of highly promising growth shares in the Asian market. The BetaShares Asia Technology Tigers ETF gives investors exposure to 50 excellent tech companies that are leading Asia's technological revolution. Among the companies included in the fund are the likes of Alibaba, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, and Tencent. A sharp pullback in recent months could have brought its units down to attractive levels for long term and patient focused investors.
Temple & Webster Group Ltd (ASX: TPW)
Another ASX growth share to look at is this online furniture and homewares retailer. It has been growing at a very strong rate in recent years thanks to the shift to online shopping. For example, in FY 2021, the company posted an 85% increase in revenue to $326.3 million and a 141% jump in EBITDA to $20.5 million. The good news is that online furniture shopping is still in its infancy compared to other retail categories, this leaves Temple & Webster well-positioned for growth over the next decade as online penetration rates increase. Especially given its plans to cement its leadership position by investing heavily in its sales and marketing.
Whispir Limited (ASX: WSP)
A final ASX growth share to look at is Whispir. It is a software as a service (SaaS) communications workflow platform provider. Its popular platform is used by over 800 businesses globally to automate interactions between them, their people, and their customers. Despite a resurgence of COVID-19 delaying some new customer activations, the company expects to report strong growth in FY 2021. It is expecting to deliver revenue of ~$47.7 million, which is a 22% increase over the prior corresponding period. This is still only a fraction of its over market opportunity.
