3 ASX ETFs to buy after the brutal tech selloff

Wanting tech exposure after this week's meltdown? Here are three funds that could help.

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Selloffs are rarely comfortable, but they can create opportunities for investors willing to look beyond the immediate fear.

This month, ASX technology shares have been hit hard as concerns grow around artificial intelligence (AI) disrupting traditional software business models. In response, many tech-focused stocks and exchange-traded funds (ETFs) have been sold aggressively, dragging valuations lower across the sector.

For long-term investors, that weakness could represent an opportunity rather than a warning sign. Here are three ASX ETFs that could be worth considering after the recent selloff.

A Chinese investor sits in front of his laptop looking pensive and concerned about pandemic lockdowns which may impact ASX 200 iron ore share prices

Image source: Getty Images

Betashares Asia Technology Tigers ETF (ASX: ASIA)

The first ASX ETF to consider after the selloff is the Betashares Asia Technology Tigers ETF.

It provides exposure to leading technology companies across Asia, a region that plays a critical role in global tech supply chains and digital services. Its portfolio includes businesses involved in semiconductors, ecommerce, gaming, and digital payments.

Recent weakness has been driven less by company-specific issues and more by broad concerns around global tech sentiment. However, many of the fund's underlying holdings are not just software providers, but enablers of technology through hardware, platforms, and infrastructure.

As digital adoption continues across Asia and valuations reset, the Betashares Asia Technology Tigers ETF offers a way to gain exposure to long-term growth drivers at more attractive prices.

BetaShares S&P/ASX Australian Technology ETF (ASX: ATEC)

Another ASX ETF that looks interesting following the selloff is the BetaShares S&P/ASX Australian Technology ETF.

This fund tracks Australia's listed technology sector, which has been caught up in the broader global tech downturn. Fears that AI could lower barriers to entry or pressure margins have weighed heavily on local software names.

That said, many Australian tech companies, such as WiseTech Global Ltd (ASX: WTC) and Pro Medicus Ltd (ASX: PME), operate in highly specialised niches with deep customer integration. These are not easily replaced overnight. In fact, AI may ultimately enhance productivity and expand addressable markets for some of these businesses rather than eliminate them.

With the BetaShares S&P/ASX Australian Technology ETF trading well below recent highs, now could be an opportune time to invest. It was recently recommended by the fund manager.

Betashares Nasdaq 100 ETF (ASX: NDQ)

A final ASX ETF to consider after the tech selloff is the Betashares Nasdaq 100 ETF.

It tracks the Nasdaq 100 Index, which includes many of the world's most influential technology and innovation-led companies. While software fears have weighed on the index, it is important to remember that Nasdaq leaders are often the ones driving AI adoption, not being displaced by it.

The index includes businesses that control cloud platforms, semiconductor design, and digital ecosystems, areas where AI investment is accelerating rather than slowing. Over time, these companies are likely to be beneficiaries of technological change rather than casualties.

For investors with a long-term horizon, its pullback could be an opportunity to add exposure to global innovation at a more reasonable entry point.

Motley Fool contributor James Mickleboro has positions in BetaShares Nasdaq 100 ETF, Betashares Capital - Asia Technology Tigers Etf, Pro Medicus, and WiseTech Global. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended BetaShares Nasdaq 100 ETF and WiseTech Global. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Pro Medicus. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF and WiseTech Global. The Motley Fool Australia has recommended Pro Medicus. 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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