Are you looking for some new additions to your portfolio but aren't a fan of stock picking?
If that sounds like you, then it could be worth looking at ASX ETFs. That's because they remove the need to pick individual stocks by allowing you to invest in a large number of them in one fell swoop.
There are plenty of ETFs for investors to choose from on the Australian share market. But which of the many options out there could be great picks for a portfolio this month?
Let's take a look at three ASX ETFs and see why they could be worth considering for your portfolio right now:
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Betashares Global Cash Flow Kings ETF (ASX: CFLO)
The first ASX ETF for investors to look at is the Betashares Global Cash Flow Kings ETF. It aims to track the performance of an index comprising 200 global companies that demonstrate strong free cash flow.
According to Betashares, companies that generate high levels of free cash flow have tended to outperform broad global equity benchmarks over the medium to long term. This could make buying a group of such companies a good idea.
Betashares recently tipped the ETF as a buy for investors looking for growth options when interest rates fall. It highlights that the "fund can serve as a core exposure to global equities or alongside existing low-cost passive global ETFs to enhance a portfolio's emphasis on cash-generating companies."
Among its holdings are Ozempic owner Novo Nordisk, retail giant Costco, technology company Adobe, and cybersecurity leader Accenture.
BetaShares NASDAQ 100 ETF (ASX: NDQ)
Another ASX ETF that could be among the best options for investors is the hugely popular BetaShares NASDAQ 100 ETF.
This fund gives investors easy access to 100 of the largest non-financial shares on the famous NASDAQ index. This includes many of the world's largest tech companies such as Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT).
And given that the Nasdaq has been sold off this month, now could be an opportune time to purchase the ETF at a sharp discount to what people were paying just a week ago.
Vanguard MSCI Index International Shares ETF (ASX: VGS)
A final ASX ETF for investors to look at is the Vanguard MSCI Index International Shares ETF. If diversity is your aim, then this ETF could be the way to do it.
The popular Vanguard MSCI Index International Shares ETF provides investors with exposure to ~1,500 of the world's largest listed companies from major developed countries.
This means that investors are able to participate in the long-term growth potential of international economies and not just the Australian economy.
