If you are lucky enough to be sitting on $10,000 and have no plans for this money, then it could be a good idea to put it into the share market.
After all, if you were able to grow your investment by 10% per annum, you could turn those funds into approximately $26,000 in 10 years.
But which ASX exchange-traded funds (ETFs) could help you achieve a return of this level? Let's take a look at three top funds to consider buying. They are as follows:
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BetaShares Global Cybersecurity ETF (ASX: HACK)
The first ASX ETF for investors to look at is the BetaShares Global Cybersecurity ETF.
As its name suggest, it provides investors with access to a global cybersecurity sector that is predicted to grow strongly over the next decade.
For example, Betashares highlights that the sector is estimated to be worth $2 trillion but has just 10% market penetration at present. This provides the companies included in the fund with a major runway for growth. This includes industry leaders such as Accenture, Crowdstrike, and Palo Alto Networks.
Over the past five years, the fund this ETF has delivered an average return of 19.7% per annum.
BetaShares Asia Technology Tigers ETF (ASX: ASIA)
Another ASX ETF that could be a good destination for a $10,000 investment is the BetaShares Asia Technology Tigers ETF.
This popular fund provides investors with access to approximately 50 of the best technology stocks from the Asian region. This includes online retail giant Alibaba, WeChat owner Tencent Holdings, Temu owner PDD Holdings, and search engine leader Baidu.
This ETF has generated a return of 9.9% per annum over the past five years.
BetaShares S&P/ASX Australian Technology ETF (ASX: ATEC)
Finally, a third ASX ETF to consider for a $10,000 investment is the BetaShares S&P/ASX Australian Technology ETF. It was recently tipped as a buy by the fund manager, BetaShares.
It 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."
Its holdings include health imaging technology company Pro Medicus Limited (ASX: PME), logistics solutions platform provider WiseTech Global Ltd (ASX: WTC), and cloud accounting platform provider Xero Ltd (ASX: XRO).
The index the fund tracks has generated a return of 15.1% per annum over the past five years.
