If you want to make some long term investments but aren't a fan of stock-picking, then exchange-traded funds (ETFs) could be the solution.
They allow investors to buy a large number of companies in one fell swoop. This makes it a great way to build a diversified portfolio with minimal effort.
But which ASX ETFs could be great long term picks for investors? Let's look at five candidates:
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BetaShares Global Cybersecurity ETF (ASX: HACK)
The BetaShares Global Cybersecurity ETF could be a great pick for investors. It provides access to a global cybersecurity sector that is forecast to grow materially over the next decade. This is being underpinned by the rising threat of cybercrime, which is driving increased demand for cybersecurity solutions. Among the companies included in the fund are Accenture and Palo Alto Networks.
Betashares Global Uranium ETF (ASX: URNM)
A second ASX ETF that could be a great buy and hold option is the Betashares Global Uranium ETF. It offers exposure to a portfolio of leading companies in the global uranium industry. This could be a great place to be over the next decade as uranium demand is expected to surge due to increased nuclear power adoption. And with supply struggling to keep up with demand, the companies included in the fund appear well-positioned to profit.
Betashares Global Quality Leaders ETF (ASX: QLTY)
Another ASX ETF to look at is the Betashares Global Quality Leaders ETF. It has a focus on investing in the highest quality companies in the world and was recommended by Betashares' chief economist last year. There are approximately 150 companies included in the fund that rank highly on four key metrics: return on equity, debt-to-capital, cash flow generation, and earnings stability.
BetaShares NASDAQ 100 ETF (ASX: NDQ)
A fourth ASX ETF to consider as a buy and hold option is the BetaShares NASDAQ 100 ETF. It allows investors to buy a slice of the 100 largest non-financial shares on the famous NASDAQ index. This is where you'll find all the big tech giants that offer products and services that we use every day. This includes search engines, streaming services, mobile phones, spreadsheets, electric vehicles, and online shopping platforms.
Vanguard MSCI Index International Shares ETF (ASX: VGS)
A final ASX ETF that could be a good buy and hold option is the Vanguard MSCI Index International Shares ETF. It provides investors with easy access to approximately 1,500 of the world's largest listed companies (excluding Australia). This can almost instantly diversify a portfolio, so could be a great option for investors that are currently overconcentrated on certain sectors.
