There are a growing number of exchange traded funds (ETFs) for investors to choose from on the Australian share market.
But which ASX ETFs could help supercharge your portfolio?
Let's take a look at three that could be quality options for investors this week. They are as follows:
BetaShares Cloud Computing ETF (ASX: CLDD)
The team at Betashares thinks that the BetaShares Cloud Computing ETF could be a top option for investors.
This ASX ETF gives investors easy access to a group of companies that look set to be big winners from the structural shift to the cloud. This includes the likes of Shopify (NYSE: SHOP), HubSpot Inc (NYSE: HUBS), and Zoom (NASDAQ: ZM).
Betashares has tipped this fund as a buy. It highlights 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."
Vanguard All-World ex-U.S. Shares Index ETF (ASX: VEU)
If you are interested in adding some exposure to global markets and already have US exposure, then the Vanguard All-World ex-U.S. Shares Index ETF could be worth considering.
This ASX ETF offers investors access to ~3,500 companies that are listed in developed and emerging markets across the globe. However, it excludes companies from the United States.
This means that it could be a good complement to popular US-centric ETFs, such as iShares S&P 500 ETF (ASX: IVV) or Betashares Nasdaq 100 ETF (ASX: NDQ), if you already own them.
Among this ASX ETF's holdings are HSBC Holdings (NYSE: HSBC), LVMH Moet Hennessy Louis Vuitton (FRA: MOH), Samsung, and Taiwan Semiconductor (NYSE: TSM).
Betashares Australian Momentum ETF (ASX: MTUM)
Finally, a third ASX ETF for investors to look at is the Betashares Australian Momentum ETF.
It was also recently tipped as a buy for Aussie investors by the team at Betashares. The fund manager highlights that the ETF is the first to provide investors with a momentum strategy over Australian shares.
It notes that momentum investing looks for stocks that show a recent trend of outperforming the broader market. It works on the theory that rising asset prices often continue rising, and falling prices tend to continue falling.
This has been a highly successful strategy in recent years. For example, 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, this outperformance exists on almost all timeframes and not just over the long term.
Its holdings currently include Commonwealth Bank of Australia (ASX: CBA), Wesfarmers Ltd (ASX: WES), and Goodman Group (ASX: GMG).
