Do you have money to invest in the share market? Well, if exchange traded funds (ETFs) are on your radar, then it could be worth taking a look at the three listed below.
They provide investors with exposure to groups of companies from a range of sectors and locations. Here's why they could be top options in May:
BetaShares Diversified All Growth ETF (ASX: DHHF)
The first ASX ETF to look at this month is the BetaShares Diversified All Growth ETF, which was named by BetaShares as a top option for investors. This fund provides exposure to a globally diversified portfolio of approximately 8,000 stocks. Its holdings span large, mid, and small-cap companies across Australia, the US, developed markets, and emerging markets.
The fund manager highlights that "DHHF is 100% invested in growth assets, providing an investment option with high growth potential." This could make it a great option for investors that are looking to put their money into growth areas.
BetaShares Asia Technology Tigers ETF (ASX: ASIA)
A second ASX ETF to consider buying is the BetaShares Asia Technology Tigers ETF. This ASX ETF offers investors an easy way to gain access to the most prominent and innovative technology companies in the Asia-Pacific region (excluding Japan).
The fund is designed to tap into Asia's rapidly expanding tech sector, driven by a growing middle class and a tech-savvy population. Many of the companies in this fund appear well-placed for long-term growth as they cater to the increasing demand for e-commerce, digital services, and advanced technologies across the region.
Its holdings include the likes of e-commerce giant Alibaba and PDD Holdings, the parent company of Temu and Pinduoduo. Collectively, the companies in the fund are at the forefront of Asia's technology revolution and are benefiting from the region's transformation into a global technology hub.
BetaShares Cloud Computing ETF (ASX: CLDD)
Finally, the BetaShares Cloud Computing ETF could be an ASX ETF to buy now.
This fund is filled to the brim with stocks that stand to benefit greatly from the structural shift to the cloud.
The fund manager, Betashares, also recently tipped this ETF as a potential 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."
Its holdings currently include stocks such as Shopify (NASDAQ: SHOP), Zoom (NASDAQ: ZM), and Snowflake Inc (NYSE: SNOW).
