If you're not overly keen on stock picking, then exchange traded funds (ETFs) could be a good alternative. That's because ETFs allow investors to buy large groups of shares through a single investment.
But which ETFs could be worth considering? Three quality ETFs to look at are listed below, here's what you need to know about them:
BetaShares NASDAQ 100 ETF (ASX: NDQ)
The first ETF to look at is the BetaShares NASDAQ 100 ETF. If you want to buy many of the highest quality companies in the world in one fell swoop, then this ETF allows you to do it. That's because the BetaShares NASDAQ 100 ETF gives investors access to the 100 largest non-financial shares on the famous NASDAQ index. This means you'll be owning shares in giants such as Alphabet, Amazon, Apple, Meta, Microsoft, Netflix, and Tesla.
iShares Global Consumer Staples ETF (ASX: IXI)
Another ETF for investors to look at is the iShares Global Consumer Staples ETF. With interest rates rising across the globe, there are concerns that a global recession could be around the corner. The good news is that even if one does occur, the companies included in this ETF are likely to remain well-placed to navigate the crisis. That's because this ETF gives investors exposure to many of the world's largest global consumer staples companies such as Coca-Cola, Nestle, PepsiCo, Procter & Gamble, Unilever, and Walmart. Demand for their products is relatively consistent whatever is happening in the economy.
iShares S&P 500 ETF (ASX: IVV)
A third and final ETF for investors to look at is the iShares S&P 500 ETF. This ETF gives investors access to 500 of the top listed U.S. companies. This means you'll be buying a slice of companies such as Amazon, Apple, Disney, Facebook, JP Morgan, Johnson & Johnson, Microsoft, Tesla, and Visa. This is a more diverse group of shares compared with the tech-heavy Nasdaq 100 ETF. So, if you're not overly bullish on the tech sector, this ETF could be a great alternative.
