With a new month just around the corner, investors are no doubt already looking for opportunities to position themselves for growth.
While August can sometimes bring market volatility as companies deliver earnings updates, investors can protect themselves by buying large groups of shares in one go with exchange traded funds (ETFs).
But which ASX ETFs could be buys? Let's take a look at three that stand out as top potential buys heading into August. Here's what you need to know about them:
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Betashares S&P/ASX Australian Technology ETF (ASX: ATEC)
The first ASX ETF to look at is the Betashares S&P/ASX Australian Technology ETF. It gives investors exposure to some of Australia's most exciting technology companies. This includes logistics software company WiseTech Global Ltd (ASX: WTC), cloud accounting platform provider Xero Ltd (ASX: XRO), and data centre operator NextDC (ASX: NXT).
While tech stocks can be volatile, many of the ETF's holdings are global leaders in their niches, boasting strong recurring revenue models and long-term growth prospects. This could make them top options for investors looking to tap into Australia's digital economy without having to pick individual winners. It was recently named as one to buy by the team at Betashares.
Betashares Cloud Computing ETF (ASX: CLDD)
Cloud computing continues to be one of the most transformative trends in the global economy. The Betashares Cloud Computing ETF offers exposure to major players like Snowflake (NYSE: SNOW) and Shopify (NASDAQ: SHOP). These are companies that are driving the shift to scalable, cloud-based infrastructure.
As artificial intelligence adoption accelerates, demand for the secure, flexible, and high-capacity platforms provided by these businesses is expected to surge. For investors who believe the cloud revolution is still in its early innings, this ASX ETF could be a strong pick. It was also recently tipped as one to consider buying by the team at Betashares.
VanEck Morningstar Wide Moat ETF (ASX: MOAT)
Finally, the VanEck Morningstar Wide Moat ETF could be an ASX ETF to buy in August. It focuses on companies that possess sustainable competitive advantages, or economic moats, and trade at attractive valuations.
At present, this includes names such as sportswear giant Nike (NYSE: NKE), entertainment giant Walt Disney (NYSE: DIS), and beauty leader Estee Lauder (NYSE: EL).
By combining quality and value, the VanEck Morningstar Wide Moat ETF offers a more defensive way to access global equities. This could be a useful trait if markets turn choppy in August.
