Are you interested in boosting your portfolio with some tech-focused exchange traded funds (ETFs) in October?
If you are, then you may want to look at these highly rated ETFs listed below. Here's what you need to know about them:
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BetaShares Asia Technology Tigers ETF (ASX: ASIA)
The BetaShares Asia Technology Tigers ETF was smashing the market earlier this year until regulatory and economic concerns in China led to a sharp pullback.
While this is disappointing, it could potentially be a buying opportunity for investors looking to make a long term investment in the Asian tech sector.
The BetaShares Asia Technology Tigers ETF allows investors to own a slice of many of the biggest and brightest tech shares in the region. This includes ecommerce giant Alibaba, search engine company Baidu, online retail platform Pinduoduo, and WeChat owner Tencent.
Over the last five years, the index the fund tracks has generated a return of 21.5% per annum for investors.
BetaShares NASDAQ 100 ETF (ASX: NDQ)
Another option for investors interested in tech shares could be the BetaShares NASDAQ 100 ETF. This hugely popular ETF tracks the performance of the NASDAQ 100 Index before fees and expenses.
This famous index comprises 100 of the largest non-financial companies listed on the NASDAQ stock exchange. This means you'll be owning a slice of some of the biggest tech companies the world has to offer. These include Google parent Alphabet, Amazon, Apple, Facebook, Microsoft, Netflix, and Nvidia.
BetaShares notes that this area of the market is underrepresented on the Australian share market. In light of this, the fund manager feels the ETF could help balance out a portfolio that is heavily weighted to financial and mining companies.
Over the last five years, the BetaShares NASDAQ 100 ETF has also smashed the market. During this time, the ETF has generated a return of 27.9% per annum.
