If you have a penchant for growth stocks like I do, then it could be worth considering the exchange-traded funds (ETFs) in this article.
They allow you to invest in groups of quality growth stocks with a single click of the button. Let's see why they could be good additions to a growth investor's investment portfolio this week. They are as follows:
Betashares Australian Momentum ETF (ASX: MTUM)
The first ASX ETF for growth investors to check out is the Betashares Australian Momentum ETF.
Betashares, which recently tipped the ETF as one to buy, notes that it is the first ASX ETF to provide investors with access to a momentum strategy over Australian shares.
Momentum investing aims to identify stocks that show a recent trend of outperforming the broad market. Instead of aiming to profit from underlying company fundamentals, this investment style is based on the theory that rising asset prices often continue rising, and falling prices tend to continue falling.
Betashares highlights that the index the fund tracks has outperformed the S&P/ASX 200 index consistently on almost every time period during the past 13 years.
BetaShares S&P/ASX Australian Technology ETF (ASX: ATEC)
A second ASX ETF that could be a top option for growth investors this week is the BetaShares S&P/ASX Australian Technology ETF.
It provides investors with easy access to the leading Australian companies in a range of tech-related market segments. This includes information technology, consumer electronics, online retail, and medical technology.
Betashares also recently tipped it as one to buy. The fund manager believes that "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."
Among its holdings are high-flying tech stocks Pro Medicus Limited (ASX: PME) and Xero Ltd (ASX: XRO).
BetaShares Asia Technology Tigers ETF (ASX: ASIA)
A final option for growth investors to consider this week is the BetaShares Asia Technology Tigers ETF.
It could be a particularly good option if your portfolio doesn't have any exposure to the growing Asian economy right now.
That's because this fund gives investors easy access to the best technology companies that the Asian region has to offer. At present, this means that you will be owning a slice of e-commerce leader Alibaba, search engine giant Baidu, iPhone manufacturer Taiwan Semiconductor Manufacturing Company, WeChat owner Tencent, and online shopping juggernaut, Temu, through PDD Holdings.
