Exchange traded funds (ETFs) can be a simple way to build a diversified portfolio.
But with so many to choose from, it can be hard to decide which ones to buy.
To narrow things down, let's take a look at five ASX ETFs that could be worth considering for the next five years.
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Betashares Nasdaq 100 ETF (ASX: NDQ)
The first ASX ETF that could be a strong option is the Betashares Nasdaq 100 ETF.
This fund tracks the Nasdaq 100 index, which includes many of the world's leading technology companies. These businesses operate in areas such as cloud computing, artificial intelligence, digital advertising, and ecommerce.
The index has historically delivered strong returns due to the dominance of these global technology leaders and their ability to grow revenue at scale.
For investors looking to gain exposure to the companies driving much of the digital economy, this ETF could be the one.
iShares S&P 500 ETF (ASX: IVV)
Another ASX ETF that could be worth considering is the iShares S&P 500 ETF.
This fund tracks the S&P 500 index, providing exposure to 500 of the largest companies listed in the United States.
The index includes businesses across a wide range of industries such as healthcare, consumer goods, financial services, and technology. This diversification has helped the S&P 500 deliver strong long-term performance over many decades.
Because of its broad exposure to the world's largest economy, many investors use this ETF as a core long-term holding.
Vanguard MSCI Index International Shares ETF (ASX: VGS)
Investors looking for broader global exposure might want to consider the Vanguard MSCI Index International Shares ETF.
This ASX ETF provides access to a large portfolio of developed market companies across North America, Europe, and Asia.
By investing in a wide range of industries and countries, the fund offers global diversification beyond the Australian market.
This can be particularly useful for investors who want exposure to global leaders across technology, healthcare, consumer brands, and industrial sectors.
BetaShares S&P/ASX Australian Technology ETF (ASX: ATEC)
Another ASX ETF that could be worth a look is the BetaShares S&P/ASX Australian Technology ETF.
This fund focuses on Australia's leading technology shares, including businesses involved in software, digital platforms, and online services.
Australia's technology sector has grown significantly over the past decade, with companies expanding globally and building scalable digital platforms. However, a recent selloff has dragged valuations down significantly, potentially making now an opportune time to invest.
This fund was recently recommended by analysts at Betashares.
Betashares Global Cybersecurity ETF (ASX: HACK)
A final ASX ETF that could be worth considering is the Betashares Global Cybersecurity ETF.
Cybersecurity has become an increasingly important industry as governments, corporations, and individuals rely more heavily on digital systems.
This ETF provides exposure to companies involved in protecting networks, cloud infrastructure, and sensitive data from cyber threats.
With cyberattacks becoming more frequent and sophisticated, demand for cybersecurity solutions is expected to remain strong for many years. This bodes well for the fund's holdings and provides them with a long growth runway.
