Do you have $1,000 available to invest? If you do, then you may want to consider the ASX exchange-traded funds (ETFs) listed below.
They could be excellent options as they provide investors with access to groups of high-quality stocks. Here's what you need to know about them:
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Betashares Australian Momentum ETF (ASX: MTUM)
The first ASX ETF to look at is the Betashares Australian Momentum ETF. It provides investors with access to a momentum strategy over Australian shares.
This interesting strategy focuses on buying shares that show a recent trend of outperforming the broad market. It is based on the theory that rising asset prices often continue rising, whereas falling prices tend to continue falling.
Betashares, which recently tipped the ETF as one to buy, notes that this approach is supported by economic theory and empirical data. It also highlights that the index the fund tracks has outperformed the S&P/ASX 200 index by an average of 2.3% per annum since its inception in May 2011. Importantly, this doesn't appear to be a fluke. It notes that the outperformance exists on most time periods.
BetaShares S&P/ASX Australian Technology ETF (ASX: ATEC)
Another ASX ETF to look at for a $1,000 investment is the BetaShares S&P/ASX Australian Technology ETF.
This fund is invested in the leading ASX listed companies from a range of tech-related market segments. This includes information technology, consumer electronics, online retail, and medical technology.
Betashares also recently tipped it as one to buy. The fund manager highlights that "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." Its current holdings include health imaging technology company Pro Medicus Limited (ASX: PME) and cloud accounting platform provider Xero Ltd (ASX: XRO).
Vanguard All-World ex-U.S. Shares Index ETF (ASX: VEU)
A third ASX ETF that could be a good option for a $1,000 investment is the Vanguard All-World ex-U.S. Shares Index ETF.
It gives investors access to a massive ~3,500 companies that are listed in developed and emerging markets across the globe. Though, as you might have noticed from its name, this doesn't include companies that are from the United States.
This could make it a good option if you already have exposure to the United States with the high quality Betashares Nasdaq 100 ETF (ASX: NDQ).
Among the ETF's holdings are high-quality companies such as HSBC Holdings, LVMH Moet Hennessy Louis Vuitton, Samsung, and Taiwan Semiconductor.
