If you're wanting to invest in the tech sector before the market rebounds, then the exchange traded funds (ETFs) listed below could be worth considering.
Here's why they could be great options right now:
BetaShares Asia Technology Tigers ETF (ASX: ASIA)
The first tech ETF to look at is the BetaShares Asia Technology Tigers ETF. It gives investors easy access to ~50 of the largest technology companies that have their main area of business in Asia.
These companies, that are known known as Tigers (hence the ETF's name), include well-known players such as Alibaba, Baidu, Infosys, JD.com, Samsung, and Tencent Holdings. In addition, there are lesser known companies (to Westerners) such as Kuaishou Technology, Meituan Dianping, and Pinduoduo included in the fund that make many Australian tech companies look absolutely tiny.
Pinduoduo, for example, is an e-commerce platform that connects distributors with consumers directly through an interactive shopping experience. This allows shoppers to team up to buy items in bulk at lower prices. It has an active customer base closing in on 1 billion.
VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)
Another tech ETF to consider next week is the VanEck Vectors Video Gaming and eSports ETF. This ETF gives investors exposure to many of the largest companies involved in video game development, eSports, and gaming related hardware and software.
There are a number of high quality, growing companies that you'll be owning with the fund. These include game developers Activision Blizzard, Roblox, Take-Two, and Electronic Arts, and graphics processing unit (GPU) developer Nvidia.
In respect to Roblox, it is the game developer behind the eponymous Roblox online metaverse platform and game creation system. At the last count, Roblox had 52 million daily active users.
