Long term bargains: Could these ASX ETFs be undervalued?

These struggling ETFs could be buy low options.

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I'm always banging on about ASX ETFs. That's because I believe for long-term investors, choosing set and forget options with solid diversification is a more viable strategy compared to individual stock picking. 

Looking at indexes like the S&P/ASX 200 Index (ASX: XJO) and the S&P 500 Index (SP: .INX) over the last 5 years or so, it's clear that those that buy and hold for the long term, are able to weather the storm and come out the other side. 

Despite a global pandemic, tariff turmoil, and international conflicts, these markets remain 40%-80% higher than they were 5 years ago. Both are currently flirting with record highs.

But with markets hovering around record highs, where do we find value?

Here are three ASX ETFs I am monitoring. All three are down this year, but I believe they could reward long-term investors. 

iShares S&P Small-Cap ETF (ASX: IJR)

The fund aims to provide investors with the performance of the S&P Small-Cap 600. 

It has fallen more than 8% year to date. 

According to Reuters, the small-cap equity funds segment suffered the biggest weekly net sales since December 18, approximately $5.2 billion. 

I believe these macro trends can still bring more short-term volatility for small-cap companies. 

However, this fund gives long-term investors an opportunity to gain exposure in small-cap companies without the same risk that typically comes with this type of investment. 

After a poor year, it now sits well below its all-time high.

Despite this, the fund has provided an average annual return of 9.41% over the last 10 years. 

Global X Cybersecurity ETF (ASX: BUGG)

As the name suggests, this fund offers exposure to companies that stand to benefit from the increased adoption of cybersecurity technology. 

Specifically, it offers exposure to those whose principal business is in the development and management of security protocols preventing intrusion and attacks on systems, networks, applications, computers, and mobile devices.

It is a relatively new fund, first listed in September 2023. Since then, it has risen an impressive 21.92%. 

However, it is down more than 5% this year. 

I believe this dip offers value for investors aiming to get exposure to the global cybersecurity market set to play a significant role in the global economy for years to come.

According to Global X, the Cybersecurity Market size is estimated at USD 203.78 billion in 2024, and is expected to reach USD 350.23 billion by 2029.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

MOAT gives investors exposure to a diversified portfolio of attractively priced US companies with sustainable competitive advantages, according to Morningstar's equity research team. 

It has fallen more than 7% so far this year. 

Despite a poor year, it has brought investors annualised returns of more than 10% over the last 10 years, and I believe it is slightly undervalued considering the quality of its portfolio. 

It includes blue-chip companies like Boeing, Walt Disney, Alphabet, Campbell's Company, and Nike

Motley Fool contributor Aaron Bell has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet, Nike, and Walt Disney. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Campbell's. The Motley Fool Australia has recommended Alphabet, Nike, VanEck Morningstar Wide Moat ETF, and Walt Disney. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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