If you're looking for an easy way to diversify your investment portfolio, then exchange traded funds (ETFs) could be the way to do it.
But which ETFs should you look at? Listed below are three excellent ETFs that could be worth considering in May. Here's what you need to know about them:
BetaShares Global Cybersecurity ETF (ASX: HACK)
The first ASX ETF you might want to look at is the BetaShares Global Cybersecurity ETF. As you might have guessed from its name, this ETF provides investors with access to the growing cybersecurity sector. This means you'll be owning cybersecurity companies such as Accenture, Cisco, Cloudflare, Fortinet, Okta, Splunk, Zscaler, Crowdstrike. As we have seen over the last 18 months, cybersecurity is becoming increasingly important and a failure to protect data can lead to significant brand damage and financial loss. This bodes well for companies in this ETF.
VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)
Another ETF for investors to look at in May is the VanEck Vectors Morningstar Wide Moat ETF. This ETF provides investors with an easy way to invest in the type of companies that Warren Buffett buys. The ETF generally contains ~50 attractively priced companies with sustainable competitive advantages or moats. These include the likes of Alphabet (Google), Adobe, Boeing, Meta (Facebook), Kellogg Co, and Walt Disney.
VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)
A final ETF for ASX investors to look at this month is the VanEck Vectors Video Gaming and eSports ETF. This ETF gives investors easy access to a global video game market estimated to comprise almost 3 billion active gamers. Among the companies included in the fund are AMD, Electronic Arts, Nintendo, Nvidia, Roblox, and Take-Two. The fund manager, VanEck, points out that these companies are well-placed to benefit from the increasing popularity of video games and eSports.
