If you're not keen on stock picking, then exchange traded funds (ETFs) could be a good alternative.
This is because ETFs allow investors to buy large groups of shares through a single investment.
But which ETFs should you look at? Listed below are three quality ETFs that could be worth considering. Here's what you need to know:
BetaShares Global Banks ETF (ASX: BNKS)
If you're interested in gaining exposure to the banking sector as rates rise, then the BetaShares Global Banks ETF could be the way to do it. This ETF gives investors exposure to many of the world's largest banks such as Bank of America, Barclays, Citigroup, HSBC, JPMorgan and Wells Fargo. It doesn't, however, include Australian banks. So, if you're looking to buy them, you may need to look for an Australian bank-focused ETF.
iShares Global Consumer Staples ETF (ASX: IXI)
One thing the share market isn't short of right now is uncertainty. With rates rising rapidly across the globe, investors are bracing themselves for a potential global recession. Whether one comes or not is hard to say, but one thing we can say is that whatever happens in the economy the companies included in the iShares Global Consumer Staples ETF are likely to remain well-placed to navigate the crisis. That's because this ETF gives investors exposure to many of the world's largest global consumer staples companies such as Coca-Cola, Nestle, PepsiCo, Procter & Gamble, Unilever, and Walmart. Demand for these types of products is relatively consistent whatever is happening in the economy.
iShares S&P 500 ETF (ASX: IVV)
Finally, if you're looking for a quick way to diversify your portfolio then you could consider the iShares S&P 500 ETF. This popular ETF gives investors access to 500 of the top listed U.S. companies. This means you'll be buying a slice of companies such as Amazon, Apple, Disney, Facebook, JP Morgan, Johnson & Johnson, Microsoft, Tesla, and Visa.
