If you're looking for an easy way to invest in the mining sector for diversification purposes, then exchange-traded funds (ETFs) could be the answer.
That's because they can be used to provide investors with access to a large number of mining shares in one fell swoop.
But which ASX ETFs should you look at right now? Listed below are three high-quality ASX ETFs that could be worth considering:
BetaShares Global Energy Companies ETF (ASX: FUEL)
The first ASX ETF to look at is the BetaShares Global Energy Companies ETF. With oil prices at rising strongly in recent months, the companies included in this ETF appear well-placed to deliver strong profits in the coming years. Among the fund's holdings are a range of energy giants including BP, Chevron, ExxonMobil, and Royal Dutch Shell.
Betashares Global Uranium ETF (ASX: URNM)
Another ASX ETF to look at is the Betashares Global Uranium ETF. It aims to track the performance of an index that provides exposure to a portfolio of leading companies in the global uranium industry. This means investors can access the growth potential of the global uranium industry, which is being underpinned by nuclear energy adoption. Included in the fund are locally listed Boss Energy Ltd (ASX: BOE) and Paladin Energy Ltd (ASX: PDN).
ETFS Battery Tech & Lithium ETF (ASX: ACDC)
A final ASX ETF is the ETFS Battery Tech & Lithium ETF. If you believe that electric vehicles are the future and want to gain exposure to the megatrend, then this ETF could be the way to do it. That's because ACDC invests in companies throughout the lithium cycle. This includes mining, refinement, battery production, and vehicles. Among its holdings are the likes of Allkem Ltd (ASX: AKE), BYD, Mineral Resources Limited (ASX: MIN), Nissan, Pilbara Minerals Ltd (ASX: PLS), and Tesla.
