If you are lucky enough to have $2,500 to invest this month, but you're not a fan of stock picking, then don't worry.
That's because exchange traded funds (ETFs) can make the job much simpler by allowing you to buy groups of shares in one fell swoop.
With that in mind, let's look at three ASX ETFs that could be worth getting better acquainted with right now. Here's what you need to know about them:
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Betashares Australian Quality ETF (ASX: AQLT)
The first ASX ETF to look at is the Betashares Australian Quality ETF.
Instead of just buying only the biggest Australian stocks, the Betashares Australian Quality ETF invests in Australian shares that score highly on measures of quality.
That means it favours businesses with characteristics such as strong profitability, healthy balance sheets, and more reliable earnings. This includes CSL Ltd (ASX: CSL), Telstra Group Ltd (ASX: TLS), and Commonwealth Bank of Australia (ASX: CBA).
For investors who want Australian shares but would prefer a tilt towards stronger businesses, this ETF could be a good option.
VanEck MSCI International Quality ETF (ASX: QUAL)
Another ASX ETF to consider is the VanEck MSCI International Quality ETF.
It applies a similar idea internationally. It invests in stocks from developed markets that demonstrate strong profitability, low financial leverage, and relatively stable earnings.
This provides Australian investors with access to leading businesses from overseas while applying a quality filter before they make it into the portfolio.
I like that approach for long-term investing. Great businesses often have the financial strength to keep investing through difficult periods, take opportunities when competitors are struggling, and continue growing over many years.
The VanEck MSCI International Quality ETF also gives investors exposure to industries and companies that are difficult to access through the Australian market alone.
Betashares Asia Technology Tigers ETF (ASX: ASIA)
A final ASX ETF to look at is the Betashares Asia Technology Tigers ETF.
This is the more growth-focused option of the three.
The fund invests in major Asian technology companies across areas such as semiconductors, ecommerce, online platforms, gaming, hardware, and other digital businesses.
Asia is home to some of the world's most important technology companies, as well as enormous consumer markets that are continuing to adopt digital services.
This gives the Betashares Asia Technology Tigers ETF exposure to both the infrastructure behind modern technology and the companies serving consumers across the region.
It can be volatile, particularly when sentiment towards Asian markets changes. But for investors with a long-term view, the growth opportunity across Asian technology remains significant.
