There are a large number of exchange-traded funds (ETFs) for investors to choose from on the Australian share market. But which ASX ETFs might be top options today?
Three to look closer at are listed below. Here's what you need to know about them:
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Betashares Global Quality Leaders ETF (ASX: QLTY)
The first ASX ETF to consider is the Betashares Global Quality Leaders ETF. It was recently recommended by Betashares' chief economist, David Bassanese. The Betashares Global Quality Leaders ETF gives investors exposure to a portfolio of approximately 150 global companies (excluding Australia) that rank highly on four key metrics. These metrics are return on equity, debt-to-capital, cash flow generation, and earnings stability. The ETF includes giants such as Alphabet, Microsoft, and Visa.
ETFS Battery Tech & Lithium ETF (ASX: ACDC)
Another ASX ETF to look at is the ETFS Battery Tech & Lithium ETF. This fund allows investors to buy a slice in companies throughout the lithium cycle. This includes mining, refinement, battery production, and automakers. Among its holdings are the likes of Allkem Ltd (ASX: AKE), BYD, Nissan, Pilbara Minerals Ltd (ASX: PLS), and Tesla.
Betashares Global Uranium ETF (ASX: URNM)
A third ASX ETF that could be worth a closer look this month is the Betashares Global Uranium ETF. This ETF provides investors with exposure to a portfolio of leading companies in the global uranium industry. This includes locally listed Boss Energy Ltd (ASX: BOE) and Paladin Energy Ltd (ASX: PDN). The good news for these companies is that uranium demand is expected to grow strongly over the next couple of decades as countries embrace nuclear energy. It is for this reason that the price of the chemical metal has been tipped to rise each year for up to 20 years.
