The S&P/ASX 200 Index (ASX: XJO) had a strong day on Monday, rising almost 2%.
The S&P 500 Index (SP: .INX) is off to a good start to the week as well.
Both of these important benchmark indexes are tracking close to all-time highs.
With these valuations looking full, it can be a good time for investors to look elsewhere for opportunities.
One great way to do this is to invest in global ASX ETFs.
Many Australian portfolios will already include large exposure to Australian and US shares.
With that in mind, here are 3 proven ASX ETFs which provide exposure to companies not based in either country.
Image source: Getty Images
Betashares Global Shares Ex Us ETF (ASX: EXUS)
This ASX ETF is one of the newest funds to be listed.
It aims to track the performance of an index (before fees and expenses) that provides exposure to 900+ large and mid-cap companies from 22 developed markets excluding the US and Australia.
With the US historically representing the majority of developed markets, adding exposure outside the US provides both geographic and sector diversification.
According to Betashares, compared to US focused exposures, EXUS ETF has a higher weighting to sectors such as financials and industrials, and a lower weighting to technology.
At the time of writing, no single holding makes up more than 2.2% of the fund.
Its largest exposure geographically is to:
- Japan (22.9%)
- Britain (13.2%)
- Canada (12.8%)
Betashares Capital Ltd – Asia Technology Tigers Etf (ASX: ASIA)
This has been one of the top performing ASX ETFs over the last 12 months.
It has risen 42% in that span thanks to outperformance from leading technology stocks across Asia.
It provides exposure to the 50 largest Asian technology companies not in Japan.
These are largely based in South Korea, Taiwan and China.
Within the sector, it has a large exposure to high growth industries such as:
- Semiconductors (32.5%)
- Tech. Hardware, Storage & Peripherals (21.6%)
- Interactive Media & Services (11.8%)
Vanguard Ftse Europe Shares ETF (ASX: VEQ)
Looking elsewhere, this ASX ETF provides exposure to more than 1,200 companies listed in major European markets.
Geographically, its largest exposure is to:
- United Kingdom (23.1%)
- Switzerland (14.2%)
- France (14.1%).
The underlying holdings focus on large and mid-cap companies across financials, industrials, and healthcare.
The European market overall has been a winner in the last 12 months, with this fund rising 16.47% in that span.
