If you're looking for new exchange-traded funds (ETFs) to buy, then you may have come across the Betashares Diversified All Growth ETF (ASX: DHHF).
After all, it is smashing the market this year with a gain of 12%.
As a comparison, the S&P/ASX 200 Index (ASX: XJO) is up less than half that at 5.75% year to date.
But what is the DHHF ETF?
Betashares notes that the Betashares Diversified All Growth ETF aims to provide investors with low-cost exposure to a diversified portfolio with high growth potential. It feels that this may suit investors with a higher tolerance for risk.
Interestingly, instead of being invested directly into ASX or international growth shares, the DHHF ETF is actually invested in a mix of other ETFs. The fund manager highlights that it is "an all-in-one investment solution, constructed using a passive blend of cost-effective ETFs traded on the ASX and other global exchanges."
At present, this includes the Vanguard Total Stock Market ETF, the Betashares Australia 200 ETF (ASX: A200), the SPDR Portfolio Developed World ex-US ETF, and the SPDR Portfolio Emerging Markets ETF.
As of 30 June, its asset allocation across these ETFs comprised 35.7% Australian equities, 38.1% US equities, 19.8% developed markets (excluding US) equities, and 6.4% emerging markets equities.
And despite its focus on growth, financials make up the largest sector allocation at 20.2%. After which, technology, materials, and healthcare are next in line with allocations of 13.9%, 12%, and 11.1%, respectively.
Combined, the DHHF ETF provides investors with exposure to approximately 8,000 global shares through a single trade.
Another positive of the Betashares Diversified All Growth ETF is that it provides a reasonably attractive yield. Based on the end of June, it was trading with a 3% dividend yield. So it isn't just growth that you'll be getting with this fund.
