3 of the best ASX ETFs to buy in August

Are these ETFs among the best you will find on the ASX?

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Due to their growing popularity with investors, there are an increasing number of exchange traded funds (ETFs) to choose from on the local bourse.

To narrow things down for you, let's take a look at three ASX ETFs that could be among the best to buy next month. They are as follows:

BetaShares Global Cybersecurity ETF (ASX: HACK)

The first ASX ETF for investors to look at is the BetaShares Global Cybersecurity ETF.

This popular fund provides investors with easy access to the cybersecurity industry. This side of the tech sector could be a great place to be as it has been tipped to grow materially in the future.

For example, Betashares highlights that "an estimate of the total addressable market by McKinsey suggests that the cybersecurity market is $1.5-$2.0 trillion globally, and at best only 10% penetrated with a very long runway for growth."

This bodes well for the companies in the fund such as Accenture and Palo Alto Networks.

Betashares Global Quality Leaders ETF (ASX: QLTY)

If you are wanting to invest in the best companies in the world, then you first need to narrow them down somehow. The Betashares Global Quality Leaders ETF does this for you by ranking global companies by four key metrics.

The metrics it uses are return on equity, debt-to-capital, cash flow generation, and earnings stability. At present, there are approximately 150 companies included in the fund. These companies include Adobe, Coca-Cola Company, Cisco, and Johnson & Johnson.

Betashares notes that the "fund's focus on quality aims to produce superior long-term performance compared to benchmark global equities indices." And it seems to be working. The index the fund tracks has generated an average return of 16.2% per annum over the last 10 years.

It is no wonder that Betashares' chief economist, David Bassanese, recommended  the ETF last year.

Betashares Nasdaq 100 ETF (ASX: NDQ)

No list of best ASX ETFs would be complete without mentioning Betashares Nasdaq 100 ETF.

This fund aims to track the performance of the Nasdaq 100 Index before fees and expenses. The Nasdaq 100 comprises the 100 largest non-financial companies that are listed on the Nasdaq market.

This includes many companies that are at the forefront of the new economy and have changed the way we live. This includes Apple, Amazon and Alphabet (Google).

And while this fund is arguably always a buy, it may be even more of a buy right now after a significant pullback in July.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor James Mickleboro has positions in BetaShares Nasdaq 100 ETF. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Accenture Plc, Adobe, Alphabet, Amazon, Apple, BetaShares Global Cybersecurity ETF, BetaShares Nasdaq 100 ETF, Cisco Systems, and Palo Alto Networks. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Johnson & Johnson and has recommended the following options: long January 2025 $290 calls on Accenture Plc and short January 2025 $310 calls on Accenture Plc. The Motley Fool Australia has positions in and has recommended BetaShares Global Cybersecurity ETF and BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended Adobe, Alphabet, Amazon, and Apple. 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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