3 ASX ETFs that could be strong buys in May

Looking for some investment ideas? Here are three to consider in May.

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

As we step into May, now could be a great time to make some new additions to your investment portfolio.

If exchange traded funds (ETFs) are of interest to you, then it could be worth checking out the three named below. Each offers something unique for forward-thinking investors. Here's what you need to know:

A business woman flexes her muscles overlooking a city scape below.

Image source: Getty Images

Betashares Nasdaq 100 ETF (ASX: NDQ)

If you want exposure to global tech and innovation leaders, the Betashares Nasdaq 100 ETF could be the one.

This ASX ETF tracks the Nasdaq-100 Index, giving you a stake in 100 of the largest non-financial companies listed on the Nasdaq exchange. That means instant exposure to giants like Apple, Microsoft, Amazon, NVIDIA, Tesla, and Alphabet — all leading the way in AI, cloud, electric vehicles, semiconductors, and digital infrastructure.

These companies continue to dominate their industries with scale, innovation, and strong balance sheets. As a result, this fund could be perfect for investors who want to stay aligned with some of the most powerful long-term trends in the global economy.

Betashares Diversified All Growth ETF (ASX: DHFF)

For investors who want a one-stop, growth-focused portfolio, the Betashares Diversified All Growth ETF could be worth considering.

This ASX ETF provides exposure to approximately 8,000 shares listed on over 60 global exchanges, all in a single trade. It is designed for investors with a high risk tolerance and a long-term time horizon.

With exposure to both developed and emerging markets, the Betashares Diversified All Growth ETF could be good for growth-minded investors who want to buy and hold investments. It was recently tipped as a buy by the team at Betashares.

Betashares Australian Momentum ETF (ASX: MTUM)

A third and final ASX ETF for investors to look at is the Betashares Australian Momentum ETF.

It was also recently tipped as a buy by the team at Betashares. The fund manager highlights that this ASX ETF is the first to provide investors with a momentum strategy over Australian shares.

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.

Betashares highlights that this has been a highly successful strategy in recent years, with the index the fund tracks outperforming on almost all time horizons since its inception over 13 years ago.

Its holdings currently include Commonwealth Bank of Australia (ASX: CBA), Goodman Group (ASX: GMG), and Pro Medicus Ltd (ASX: PME).

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Motley Fool contributor James Mickleboro has positions in BetaShares Nasdaq 100 ETF, Goodman Group, and Pro Medicus. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet, Amazon, Apple, BetaShares Nasdaq 100 ETF, Goodman Group, Microsoft, Nvidia, and Tesla. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Pro Medicus and has recommended the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended Alphabet, Amazon, Apple, Goodman Group, Microsoft, Nvidia, and Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on ETFs

An older couple enjoying their retirement come together in their warm heated home with fire cracker sparklers.
ETFs

Why these ASX ETFs could be top picks for investors in their 50s

These funds could be worth a closer look. Here's what they offer.

Read more »

Woman with an amazed expression has her hands and arms out with a laptop in front of her.
ETFs

3 BetaShares ETFs I think can beat the market over 5 years

For me, outperforming starts with looking beyond Australia and leaning into structural global themes.

Read more »

Australian dollar notes in the pocket of a man's jeans, symbolising dividends.
ETFs

3 top ASX ETFs to buy with $30,000 this month

These funds offer investors easy access to many of the best stocks in the world.

Read more »

ETF written on wooden blocks with a magnifying glass.
ETFs

3 ASX ETFs that could be set to jump – Expert

If conflict is resolved, these funds could rise.

Read more »

ETF on white blocks with a rising arrow on top of coin piles.
ETFs

Which ASX ETFs I'd buy for retirement investing

Australians focused on retirement could do well with these funds.

Read more »

Man smiling at a laptop because of a rising share price.
ETFs

5 ASX ETFs to buy and hold for five years

Looking for long-term options? Here are five quality picks.

Read more »

ETF written in yellow with a yellow underline and the full word spelt out in white underneath.
ETFs

Where to invest $1,000 in ASX ETFs for beginners in April

New to investing? These funds could be excellent starting points.

Read more »

A young bank customer wearing a yellow jumper smiles as she checks her bank balance on her phone.
ETFs

Why I'd buy these excellent Vanguard ETFs in April

Rather than trying to predict the next move, I’m focusing on building a portfolio I’d be comfortable holding for years.

Read more »