If you are looking for an easy way to invest your hard-earned money in October, then it could be worth looking at the exchange traded funds (ETFs) in this article.
Here's why they could be high-quality options for investors next month:
Betashares Energy Transition Metals ETF (ASX: XMET)
The first ASX ETF for investors to look at in October is the Betashares Energy Transition Metals ETF.
This ETF could be a great way to gain exposure to the decarbonisation mega trend. It provides investors with access to global producers of copper, lithium, nickel, cobalt, graphite, manganese, silver, and rare earth elements. These are all metals that will be pivotal to the decarbonisation of the planet.
Earlier this year, Betashares named it on its list of ETFs to buy for 2024. The fund manager notes that "both electric cars and clean energy use notably more metals than their conventional counterparts, and many of these minerals have highly concentrated and insecure supply chains."
Betashares Global Quality Leaders ETF (ASX: QLTY)
Another ASX ETF for investors to look at in October is the Betashares Global Quality Leaders ETF.
It allows you to invest in many of the highest quality companies that the world has to offer, which is never a bad idea.
There are approximately 150 companies included in the fund that rank highly on four key metrics. These are return on equity, debt-to-capital, cash flow generation, and earnings stability. Betashares' chief economist, David Bassanese, recently recommended this ETF.
BetaShares Diversified All Growth ETF (ASX: DHHF)
Another ASX ETF to consider in October is the BetaShares Diversified All Growth ETF.
It was also recently named as one to buy by BetaShares. It allows investors to buy a slice of ~8,000 large, mid, and small cap stocks from Australia, the US, developed markets, and emerging markets.
The fund manager believes that the ETF has high growth potential and may be suitable for investors with a high tolerance for risk.
VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)
A final ASX ETF that could be a great option for investors in October is the VanEck Vectors Morningstar Wide Moat ETF.
This fund has a focus on companies with sustainable competitive advantages (or wide moats). But a competitive advantage isn't enough, the company has to have a fair valuation to be included in the fund.
Warren Buffett is one of the most successful investors of the last century. And given that competitive advantages and fair valuations are two qualities he looks for from his investments, this ETF could be a great way to invest like the Oracle of Omaha with minimal effort.
The companies that the ETF invests in will change periodically to reflect valuations and changes to competitive advantages. But at present it includes beauty products company Estee Lauder (NYSE: EL), sportswear giant Nike (NYSE: NKE), and entertainment behemoth Walt Disney (NYSE: DIS).
