If you’re a growth investor looking for some new investment ideas, then you might want to look at the shares listed below.
Here’s what you need to know about these growth shares:
BetaShares Global Cybersecurity ETF (ASX: HACK)
The first option for growth investors to look at is actually an exchange traded fund (ETF) that provides exposure to 39 growth shares that are focused on keeping people and businesses safe online.
The BetaShares Global Cybersecurity ETF aims to track the performance of an index that provides investors with access to the leaders in the growing global cybersecurity sector. BetaShares notes that with cybercrime on the rise, demand for cybersecurity services is expected to grow strongly for the foreseeable future.
Among the companies you’ll be owning a slice of are cybersecurity giants and emerging players from a range of global locations. These include the likes of Accenture, Cisco, Cloudflare, Crowdstrike, Okta, and Zscaler.
Over the last five years, the index the ETF tracks has generated an impressive average return of 23.7% per annum for investors.
Life360 Inc (ASX: 360)
Another ASX growth share to look at is this San Francisco based technology company behind the incredibly popular Life360 mobile app. This market leading app for families offers a range of features such as communications, driver safety, and location sharing.
Life360 recently announced its second quarter update and revealed further explosive growth in user numbers. The company’s user base grew by over 4 million over the three months to a massive 32 million users. This is underpinning significant recurring revenue growth. In fact, the company surpassed US$100 million of annualised monthly revenue during the quarter. This positions Life360 to deliver for another stellar full year result later this year.
Credit Suisse is a fan of the company. It currently has an outperform rating and $10.00 price target on its shares.