One of the best things about exchange-traded funds (ETFs) is that there is something for everyone out there.
Whether you are looking for income, certain sector exposure, or growth, there will be a fund for you.
On this occasion, let's take a look at three ASX ETFs that could be top options for growth investors right now. They are as follows:
BetaShares Diversified All Growth ETF (ASX: DHHF)
The first ASX ETF for growth investors to look at is the BetaShares Diversified All Growth ETF.
This fund provides investors with access to approximately 8,000 growth shares of all sizes from across the globe. Stocks from the United States and Australia make up the bulk of its holdings, but there are also stocks from Japan, China, Britain, India, and China, among other nations.
Betashares recently tipped this ETF as one to buy. The fund manager notes that it gives investors exposure to an "all-cap, all-world" share portfolio with the potential for high growth over the long term. As a result, it thinks it could be suitable for investors with a high tolerance for risk.
Betashares Australian Momentum ETF (ASX: MTUM)
Another ASX ETF for growth investors to look at is the Betashares Australian Momentum ETF.
It was also recently tipped as a buy by Betashares. The fund manager points out that it is the first ETF to provide investors with a momentum strategy over Australian shares.
Betashares explains that momentum investing looks for stocks that show a recent trend of outperforming the broad market. This works on the theory that rising asset prices often continue rising, and falling prices tend to continue falling.
This strategy appears to work. The fund manager highlights that the index the fund tracks has outperformed the S&P/ASX 200 index by an average of 2.3% per annum since its inception over 13 years ago. Importantly, through to the end of June 2024, this outperformance exists on most timeframes.
Among its largest holdings are Commonwealth Bank of Australia (ASX: CBA), the rest of the big four banks, Goodman Group (ASX: GMG), and Wesfarmers Ltd (ASX: WES)
BetaShares S&P/ASX Australian Technology ETF (ASX: ATEC)
Finally, another ASX ETF for growth investors to consider buy is the BetaShares S&P/ASX Australian Technology ETF. It was also recently tipped as a buy by the fund manager.
The BetaShares S&P/ASX Australian Technology ETF is invested in the best tech stocks on the Australian share market.
BetaShares highlights that the "the nascent adoption of AI, cloud computing, big data, automation, and the internet of things" means that there is a "good chance that the next decade's major winners will come from the tech sector."
Among its holdings are health imaging technology company Pro Medicus Limited (ASX: PME), logistics solutions platform provider WiseTech Global Ltd (ASX: WTC), and cloud accounting company Xero Ltd (ASX: XRO).
