Investors that have a penchant for growth but aren't fans of picking stocks, might want to check out the exchange-traded funds (ETFs) in this article.
They provide investors with easy access to large groups of growth shares with a single click of the button.
Let's dig a little deeper into them now and see why they could be good options for growth investors:
BetaShares Global Cybersecurity ETF (ASX: HACK)
There's no denying that cybercrime is on the rise. While this is bad news for internet users, it is good news for the companies that are trying to make us safe online. In fact, analysts are tipping the global cybersecurity sector to grow materially over the next decade as demand increases. Betashares highlights that "an estimate of the total addressable market by McKinsey suggests that the cybersecurity market is $1.5-$2.0 trillion globally." This bodes well for the companies included in the BetaShares Global Cybersecurity ETF, such as industry leaders Accenture, Cisco, and Palo Alto Networks.
BetaShares S&P/ASX Australian Technology ETF (ASX: ATEC)
Another ASX ETF for growth investors to look at is the BetaShares S&P/ASX Australian Technology ETF. It provides investors with access to leading Australian companies in a range of tech-related market segments such as information technology, consumer electronics, online retail and medical technology. Betashares recently tipped the fund as a buy. It commented: "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." Among its holdings are Pro Medicus Limited (ASX: PME), WiseTech Global Ltd (ASX: WTC), and Xero Ltd (ASX: XRO).
BetaShares NASDAQ 100 ETF (ASX: NDQ)
A third ASX ETF that could be a buy for growth investors is the BetaShares NASDAQ 100 ETF. This fund allows investors to own a slice of the 100 largest non-financial shares on the famous NASDAQ index. This is where you'll find all the big tech giants that offer products and services that we use every day. Among its holdings are world class companies such as Apple, Microsoft, and Nvidia. Given how these and the other 97 companies have very bright long-term growth outlooks, the BetaShares NASDAQ 100 ETF could be a great pick for most portfolios.
