There are plenty of exchange-traded funds (ETFs) to pick from on the Australian share market.
To narrow things down, let's take a look at four top ASX ETFs that could be good additions to a balanced investment portfolio next month.
Here's what you need to know about them:
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BetaShares Asia Technology Tigers ETF (ASX: ASIA)
The first ASX ETF to look at is the BetaShares Asia Technology Tigers ETF.
This popular fund gives investors access to ~50 of the best technology stocks or tigers that the Asian region has to offer. These tigers include names that are even well known in the West such as online retail giant Alibaba, WeChat owner Tencent Holdings, Temu owner Pinduoduo, and search engine leader Baidu.
Betashares points out that the ETF "provides diversified exposure to a high-growth sector that is under-represented in the Australian sharemarket, and a complement to investors with U.S. technology exposure."
Betashares Energy Transition Metals ETF (ASX: XMET)
Another ASX ETF to look at is the Betashares Energy Transition Metals ETF.
As its name suggests, this fund gives investors easy access to energy transition metals. This is through global producers of copper, lithium, nickel, cobalt, graphite, manganese, silver, and rare earth elements, which are all metals that will be pivotal to the decarbonisation of the planet.
Betashares named the fund on its list of 12 ASX ETFs ideas for 2024. It notes that "both electric cars and clean energy use notably more metals than their conventional counterparts, and many of these minerals have highly concentrated and insecure supply chains."
BetaShares S&P/ASX Australian Technology ETF (ASX: ATEC)
A third ASX ETF for investors to look at is the BetaShares S&P/ASX Australian Technology ETF.
It gives investors exposure to the leading companies in a range of tech-related market segments such as information technology, consumer electronics, online retail and medical technology.
The fund was recently highlighted as one to buy by the team at Betashares. The fund manager said: "With the nascent adoption of AI, cloud computing, big data, automation, and the internet of things, there's a good chance that the next decade's major winners will come from the tech sector. Despite Australia's sharemarket skewing heavily towards financials and resources, investors can gain direct exposure to Aussie tech stocks via ATEC."
iShares Global Consumer Staples ETF (ASX: IXI)
A final ASX ETF for investors to consider buying is the iShares Global Consumer Staples ETF.
This ETF gives investors access to many of the world's largest consumer staples companies. As these companies generally perform well whatever is happening in the global economy, it could make the fund a good option for investors that have a low risk tolerance. Among its holdings are global giants Coca-Cola, Nestle, and Unilever.
