Do you have room in your portfolio for some exchange traded funds (ETFs)?
If you do, it could be worth checking out the four ASX ETFs listed below that are highly rated. Here's what you need to know about them:
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Betashares Australian Top 20 Equity Yield Maximiser Fund (ASX: YMAX)
If you are looking for a source of income, the Betashares Australian Top 20 Equity Yield Maximiser Fund could be a great option. It aims to generate attractive quarterly income and reduce the volatility of portfolio returns through a covered call strategy over a portfolio of the 20 largest blue-chip shares listed on the Australian share market.
Betashares recently recommended the ETF as a top option to counter falling dividend yields. It notes that it "performs well in a neutral or gradually rising market." At present, it trades with a trailing 12-month dividend yield of 7.6%.
BetaShares Crypto Innovators ETF (ASX: CRYP)
For high risk investors that are bullish on cryptocurrencies, then the BetaShares Crypto Innovators ETF could be worth considering.
This ETF has been designed to capture the full crypto ecosystem. This includes pure-play crypto companies, those whose balance sheets are held at least 75% in crypto-assets, and diversified companies with crypto-focused business operations.
Betashares Global Cash Flow Kings ETF (ASX: CFLO)
A third ASX ETF to look at is the Betashares Global Cash Flow Kings ETF. It has a focus on investing in companies that generate high levels of free cash flow. This could be a good focus according to Betashares, as these types of companies have historically tended to outperform the market.
Betashares is also tipping it as one to consider buying when interest rates start to fall. This could make now an opportune time to invest given how rate cuts appear to be close. Among its holdings at present are Google parent Alphabet (NASDAQ: GOOG) and payments giant Visa (NYSE: V).
BetaShares S&P/ASX Australian Technology ETF (ASX: ATEC)
A final ASX ETF that could be a buy is the BetaShares S&P/ASX Australian Technology ETF. It provides investors with access to the leading Australian technology companies. This includes companies from a range of market segments such as information technology, consumer electronics, online retail, and medical technology.
Betashares recently recommended it as buy. It said: "With the nascent adoption of AI, cloud computing, big data, automation, and the internet of things, there's a good chance that the next decade's major winners will come from the tech sector. Despite Australia's sharemarket skewing heavily towards financials and resources, investors can gain direct exposure to Aussie tech stocks via ATEC."
