Exchange traded funds (ETFs) can be a great way to balance out your portfolio.
This is because ETFs give investors easy access to a large number and diverse range of shares that you wouldn't usually have access to.
Due to their growing popularity with investors, there are an increasing number of ETFs to choose from.
To narrow things down, I have picked out three ETFs that could be worth a closer look:
BetaShares Global Cybersecurity ETF (ASX: HACK)
The first ETF to look at is the BetaShares Global Cybersecurity ETF. It aims to track the performance of an index that provides investors with exposure to the leaders in the global cybersecurity sector. This is a rapidly growing area of the market which BetaShares notes is heavily under-represented on the ASX. Included in the fund are companies such as Cloudflare, Crowdstrike, and Okta.
VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)
Another ETF to look at is the VanEck Vectors Morningstar Wide Moat ETF. This fund gives investors a slice of 48 US-based stocks which have sustainable competitive advantages. Among the ETF's holdings you will find blue chips such as Amazon, American Express, Boeing, Coca-Cola, Microsoft, Pfizer, and Yum! Brands. Over the last five years the ETF has outperformed the ASX 200 index materially.
BetaShares NASDAQ 100 ETF (ASX: NDQ)
A final ETF to look at is the BetaShares NASDAQ 100 ETF. This ETF gives investors exposure to 100 of the largest non-financial companies on the Nasdaq index. Given the favourable long term outlooks for the majority of these companies, the Nasdaq 100 index has been tipped to continue outperforming the ASX 200 over the long term. Investing in this ETF will mean you are buying a slice of companies such as Apple, Facebook, Microsoft, Netflix, and Tesla, to name just five.