Recent market volatility has hit growth-focused investments particularly hard.
Concerns that artificial intelligence (AI) could disrupt existing business models have weighed heavily on a number of sectors, especially technology.
But for long-term investors, this pullback could be creating opportunities to buy into powerful themes at more attractive prices.
Here are three ASX ETFs that have fallen sharply and could be worth considering.
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BetaShares S&P/ASX Australian Technology ETF (ASX: ATEC)
The first ASX ETF that could be a buy is the BetaShares S&P/ASX Australian Technology ETF.
This fund has fallen around 40% from its highs as investors reassess the outlook for software and technology companies in a world increasingly shaped by AI.
Its holdings include Xero Ltd (ASX: XRO), WiseTech Global Ltd (ASX: WTC), and TechnologyOne Ltd (ASX: TNE).
While some fear AI could lower barriers to entry, these companies already have large customer bases, deep integrations, and strong recurring revenue models.
If anything, AI could enhance their offerings and strengthen their competitive positions over time. Betashares recently recommended this fund.
VanEck Video Gaming and Esports ETF (ASX: ESPO)
Another ASX ETF that could be worth considering is the VanEck Video Gaming and Esports ETF.
This fund is down approximately 30% from its highs, reflecting concerns about both consumer spending and the impact of AI on gaming and digital content.
It provides exposure to companies such as NVIDIA (NASDAQ: NVDA), Tencent (SEHK: 700), and Nintendo.
NVIDIA stands out as a key holding in this fund. While it is well known for gaming, its chips are also central to AI infrastructure, giving it exposure to multiple growth drivers.
The broader gaming industry continues to expand globally, supported by mobile adoption, esports, and digital distribution. This fund was recently recommended to investors by the team at VanEck.
BetaShares India Quality ETF (ASX: IIND)
A third ASX ETF that could be a compelling option is the BetaShares India Quality ETF.
This fund has dropped around 22% amid concerns that AI could disrupt outsourcing and IT services, which are important parts of India's economy.
Its holdings include companies such as Infosys (NYSE: INFY), Tata Consultancy Services (NSEI: TCS), and HDFC Bank.
Infosys is a good example. It provides IT consulting and outsourcing services to global businesses, helping them manage and modernise their technology systems.
While AI may change how services are delivered, it is also likely to increase demand for digital transformation, which could benefit companies in this space.
With India's economy continuing to grow and modernise, this ETF offers exposure to a large and expanding market. This fund was recently recommended by analysts at Betashares.
