Exchange traded funds (ETFs) continue to grow in popularity with Australian investors. And it isn't hard to see why. Through a single investment, ETFs allow ASX investors to invest in a large number of shares that they wouldn't ordinarily have access to.
But given the large number of ETFs to choose from on the ASX, it can be hard to decide which ones to buy. Two that come highly rated are listed below:
BetaShares Asia Technology Tigers ETF (ASX: ASIA)
The first ETF to look at in June is the BetaShares Asia Technology Tigers ETF. It gives investors exposure to a number of the biggest tech shares in the Asia market.
BetaShares notes that due to its younger, tech-savvy population, Asia is surpassing the West in respect to technological adoption. In light of this, the sector is anticipated to remain a growth sector for some time to come.
Among the fund's holdings you will find the likes of Alibaba, Baidu, JD.com, NetEase, and Tencent.
In respect to the latter, Tencent is a multinational technology conglomerate and one of the largest companies in the world. Its communication and social platforms, Weixin and QQ, connect over a billion users with each other and with digital content and services, both online and offline, making their lives more convenient.
The company is also well-known for its portfolio of games that generate billions of dollars in revenue each year. So, it could be a good option for investors looking to invest in the growing video game market.
BetaShares NASDAQ 100 ETF (ASX: NDQ)
Another ASX ETF to look at in June is the BetaShares NASDAQ 100 ETF. It aims to track the performance of the NASDAQ 100 and is one of the most popular ETFs on the Australian share market.
This isn't surprising given how its holdings comprise 100 of the largest non-financial companies listed on Wall Street's famous exchange. Among them you'll find many of the biggest and brightest tech companies in the world. This includes Amazon, Apple, Microsoft, Netflix, and Google parent, Alphabet.
It also includes some lesser-known companies such as MercadoLibre. It is an operator of ecommerce platforms in the Latin America market. It is best known for the MercadoLibre Marketplace, which is an automated ecommerce platform that enables businesses and individuals to list merchandise and conduct sales and purchases online. It is often referred to as Latin America's Alibaba.
