If you have $500 available to invest in the share market, then the exchange traded funds (ETFs) in this article could be worth considering next month.
Let's see what they offer investors:
BetaShares Cloud Computing ETF (ASX: CLDD)
Due to the structural shift to the cloud, companies with exposure to cloud computing look well-placed for growth. This could make the BetaShares Cloud Computing ETF a good option for investors looking to gain access to this theme. The fund manager notes that "cloud computing has been one of the strongest-growing segments of the technology sector, and given much of the world's digital data and software applications are still maintained outside the cloud, continued strong growth has been forecast." Among its holdings are companies such as Shopify and Zoom.
iShares S&P 500 ETF (ASX: IVV)
Another ASX ETF for investors to look at is the popular iShares S&P 500 ETF. This fund gives investors access to 500 of the largest listed companies on Wall Street. This means that you will be buying a slice of companies from a range of different industries and sectors. Among its holdings are well-known companies such as Apple, Exxon Mobil Corp, Microsoft, Nvidia, Starbucks, and Walmart.
Betashares Global Quality Leaders ETF (ASX: QLTY)
A third ASX ETF to consider for a $500 investment next month is Betashares Global Quality Leaders ETF. It has a focus on investing in the highest quality companies in the world, which is never a bad idea, and was recommended by Betashares' chief economist. There are approximately 150 companies included in the fund that rank highly on four key metrics: return on equity, debt-to-capital, cash flow generation, and earnings stability.
Betashares Energy Transition Metals ETF (ASX: XMET)
The Betashares Energy Transition Metals ETF could be an ASX ETF to look at. 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. Betashares named it on its list of ETFs to buy for 2024, noting 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."
Vanguard MSCI Index International Shares ETF (ASX: VGS)
Finally, the Vanguard MSCI Index International Shares ETF could be a top ASX ETF to buy. It gives investors easy access to approximately 1,500 of the world's largest listed companies (excluding Australia). This means that investors can almost instantly diversify their portfolio just with this fund. This could make it a great option if you are already over-concentrated on certain sectors or local shares.
