If you don't have sufficient funds to build a diverse portfolio, then exchange traded funds (ETFs) could be a quick fix.
The reason for this is that ETFs give investors access to a large number of different shares through a solitary investment. This allows you to spread your funds far wider than you would if you were buying individual shares.
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:
BetaShares NASDAQ 100 ETF (ASX: NDQ)
If you're 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 such as Amazon, Apple, Facebook, Microsoft, Netflix, and Tesla.
VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)
Another ETF for investors to look at is the VanEck Vectors Video Gaming and eSports ETF. This ETF gives investors access to companies involved in the growing video gaming market. Among the shares included in the fund are hardware giant Nvidia and game developers Take-Two and Electronic Arts. VanEck notes that these companies are in a position to benefit from the increasing popularity of video games and eSports.
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 1,505 of the world's largest listed companies from major developed countries. This arguably makes the ETF as diverse as it gets for investors. Among the high quality companies you'll be owning a slice of are Apple, Johnson & Johnson, JP Morgan, Nestle, Procter & Gamble, and Visa. Vanguard highlights that this allows investors to take part in the long-term growth potential of international economies and not just Australia. It also offers a modest dividend yield of ~1.6%.
