If you’re wanting to invest in the tech sector after recent weakness but aren’t sure which shares to buy, then these exchange traded funds (ETFs) could be worth considering.
These ETFs provide investors with easy access to a number of high quality shares in the tech sector. Here’s what you need to know about them:
BetaShares Global Cybersecurity ETF (ASX: HACK)
The first tech ETF to consider is the BetaShares Global Cybersecurity ETF. This ETF gives investors exposure to the leading companies in the growing global cybersecurity sector. Among the companies you’ll be investing in with this ETF are Accenture, Cisco, Cloudflare, Crowdstrike, and Okta.
With cybercrime on the rise, demand for cyber security services has been growing fast and is expected to continue doing so in the years that follow. This means many leading companies in the industry could be in a position to grow at an above-average rate over the next decade.
VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)
Another tech ETF to look at is the VanEck Vectors Video Gaming and eSports ETF. This ETF gives investors access to a portfolio of the largest companies involved in video game development, eSports, and related hardware and software globally.
VanEck notes that these companies are in a position to benefit from the increasing popularity of video games and eSports. It also notes that the fund gives investors the option to diversify their portfolio by providing opportunities away from tech giants Apple, Amazon, Facebook, Google and Microsoft.
Among its major holdings are graphics processing units (GPU) giant Nvidia and games developers Take-Two Interactive (GTA, Red Dead), Electronic Arts (FIFA, Sims, Apex Legends), and Activision Blizzard (Call of Duty).