If you want to invest $2,500 into the share market but aren't a fan of stock picking, then don't worry.
That's because there are exchange traded funds (ETFs) out there to make life easier.
They allow investors to buy large groups of shares with a single click of the button. This removes the need to pick individual shares.
But which ASX ETFs could be good picks for Aussie investors right now? Let's take a look at three excellent options:
Image source: Getty Images
Betashares Crypto Innovators ETF (ASX: CRYP)
The first ASX ETF to look at could be the Betashares Crypto Innovators ETF. Especially if you are bullish on the cryptocurrency and blockchain industries but don't want to buy coins.
Rather than holding digital coins, this ASX ETF invests in companies that are building and supporting the digital asset ecosystem. This includes crypto exchanges, miners, and blockchain infrastructure companies such as Coinbase Global (NASDAQ: COIN), Marathon Digital (NASDAQ: MARA), and MicroStrategy (NASDAQ: MSTR).
While the industry remains volatile, growing institutional adoption and the development of regulated crypto markets could provide long-term tailwinds. This could make it a great fund to hold onto for the long term.
Betashares Cloud Computing ETF (ASX: CLDD)
Another industry that looks well-placed for long term growth is cloud computing, with businesses investing heavily in scalable, secure infrastructure as technology and services shift online.
The Betashares Cloud Computing ETF provides investors with exposure to the leading names in the industry like Snowflake (NYSE: SNOW), a data warehousing and analytics specialist, and Twilio (NYSE: TWLO), which powers cloud-based communication services used by companies around the world.
As artificial intelligence becomes more integrated into enterprise operations, demand for cloud-based services is likely to accelerate. This leaves the fund's holdings well-positioned to benefit from this trend.
The team at Betashares recently tipped it as one to buy.
Vanguard Australian Shares Index ETF (ASX: VAS)
Finally, if you are wanting exposure to the local market without picking stocks, then the Vanguard Australian Shares Index ETF could be the way to do it. This ASX ETF tracks the S&P/ASX 300 Index, providing investors with instant access to a diversified portfolio of 300 of Australia's largest stocks.
This means that investors get a slice of giants such as BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA), and CSL Ltd (ASX: CSL), but also smaller shares like Gentrack Group Ltd (ASX: GTK) and DroneShield Ltd (ASX: DRO).
