There are plenty of exchange-traded funds (ETFs) for investors to choose from on the Australian share market. So many, it can be hard to decide which ones to buy over others.
To help narrow things down, I have picked out three interesting ETFs that could be worth considering this week.
Here's what you need to know about them:
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BetaShares Global Cybersecurity ETF (ASX: HACK)
The first ASX ETF is the BetaShares Global Cybersecurity ETF. With cybersecurity spending expected to increase materially over the next decade as more infrastructure moves to the cloud and cyberattacks become more and more widespread, the companies included in this fund appear well-positioned to benefit. This includes industry giants such as Accenture, Cisco, and Palo Alto Networks.
Betashares Global Uranium ETF (ASX: URNM)
Another ASX ETF to look at is the Betashares Global Uranium ETF. It aims to track the performance of an index that provides exposure to a portfolio of leading companies in the global uranium industry. Betashares notes that this means investors can access the growth potential of the global uranium industry, which is being underpinned by nuclear energy adoption. It also highlights that as it is increasingly being accepted as a safe, reliable, low-carbon energy source, nuclear energy is seen as a critical supplementary means of meeting the world's growing energy demands. Included in the fund are locally listed Boss Energy Ltd (ASX: BOE) and Paladin Energy Ltd (ASX: PDN).
ETFS Battery Tech & Lithium ETF (ASX: ACDC)
A final ASX ETF is the ETFS Battery Tech & Lithium ETF. It could be a great option if you believe that electric vehicles are the future and want to gain exposure to this megatrend. That's because ACDC invests in companies throughout the lithium cycle, including mining, refinement and battery production. Among its holdings are the likes of Allkem Ltd (ASX: AKE), BYD, Mineral Resources Limited (ASX: MIN), Nissan, Pilbara Minerals Ltd (ASX: PLS), Renault, and Tesla.
