A new month is on the horizon, so what better time to consider making some new additions to your portfolio.
And if ASX exchange-traded funds (ETFs) tickle your fancy, then it could be worth checking out the four named below.
Here's why these could be among the best options out there for investors in November:
Betashares Australian Momentum ETF (ASX: MTUM)
The first ASX ETF to look at in November is the Betashares Australian Momentum ETF.
Betashares recently tipped this unique fund as a buy. It highlights that it is the first ETF that provides investors with a momentum strategy over Australian shares.
Momentum investing looks for stocks that show a recent trend of outperforming the broad market. It works on the theory that rising asset prices often continue rising, and falling prices tend to continue falling. This approach is supported by economic theory and empirical data.
This has proven to be a successful strategy. Betashares points out the index the fund tracks has outperformed the S&P/ASX 200 index by an average of 2.3% per annum since its inception in 2011. And given that this outperformance exists on most time periods, the strategy seems to be working.
Betashares Australian Top 20 Equity Yield Maximiser Fund (ASX: YMAX)
If income is your game, then the Betashares Australian Top 20 Equity Yield Maximiser Fund could be an ASX ETF to consider.
It aims to generate attractive quarterly income and reduce the volatility of portfolio returns through the use of a covered call strategy over a portfolio of the 20 largest blue-chip shares listed on the Australian share market. A covered call is an options trading strategy that allows an investor to profit from expected price rises.
Betashares also recently recommended this ETF, noting that its covered call strategy "performs well in a neutral or gradually rising market." At the last count, the ASX ETF was trading with a trailing 12-month dividend yield of 7%+.
BetaShares Diversified All Growth ETF (ASX: DHHF)
Another ASX ETF that could be a great option in November is the BetaShares Diversified All Growth ETF.
This fund was also recently named as one to buy by BetaShares. It provides investors with the opportunity to buy a slice of ~8,000 large, mid, and small cap stocks from Australia, the US, developed markets, and emerging markets.
This means it has high growth potential and could be suitable for investors with a higher than average tolerance for risk.
BetaShares NASDAQ 100 ETF (ASX: NDQ)
Finally, it would be remiss to not include the BetaShares NASDAQ 100 ETF on this list.
It is one of the most popular ASX ETFs out there and for very good reason. This fund gives investors access to the 100 largest companies on Wall Street's Nasdaq index, excluding financial shares. These are many of the largest and highest quality companies in the world.
This includes Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Nvidia (NASDAQ: NVDA), and Tesla (NASDAQ: TSLA).
