3 excellent ASX ETFs to buy this week

Here are a few ETFs that could be good portfolio additions right now.

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There are a plenty of exchange traded funds (ETFs) for investors to choose from on the Australian share market.

But which ones could be in the buy zone right now?

To help narrow things down, I have picked out three top ETFs that could be worth considering this week.

Here's what you need to know about them:

ETFS Battery Tech & Lithium ETF (ASX: ACDC)

The battery materials industry has been under the pump of late, which has put significant pressure on lithium shares and this ASX ETF. In fact, the ETFS Battery Tech & Lithium ETF currently trades just a fraction off its 52-week low. But if you believe that the recent weakness in lithium prices will be short-lived, then this ETF could be a good option for you. It invests in companies throughout the lithium cycle, including mining, refinement and battery production, cutting across the traditional sector and geographic definitions. This means you get diversified exposure to the industry rather than just putting all your eggs in one lithium miner's basket.

Vanguard U.S. Total Market Shares Index ETF (ASX: VTS)

Another ASX ETF that could be a top option for investors is the Vanguard US Total Market Shares Index ETF. It allows investors to buy a part of ~4,000 US listed shares of all shapes and sizes in one fell swoop. Vanguard points out that this allows investors to participate in the long-term growth potential of the US economy and its listed companies. This could make it a good option if your portfolio currently only has exposure to Australia.

Vanguard All-World ex-U.S. Shares Index ETF (ASX: VEU)

If you're already overweight with US exposure, then the Vanguard All-World ex-U.S. Shares Index ETF could be a good option. It gives investors access to approximately 3,500 companies listed in developed and emerging markets across the globe (excluding the United States). This means Australian investors can expand their portfolio to include many sectors that are not well represented in Australia.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Global X Battery Tech & Lithium ETF. The Motley Fool Australia has recommended Global X Battery Tech & Lithium ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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