Invest $10,000 into these ASX ETFs in October

Here's why these could be among the best funds to buy right now.

| More on:
Man looking at an ETF diagram.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

If you have $10,000 to invest but aren't a fan of stock picking, then you could look at exchange traded funds (ETFs) instead.

They provide investors with access to large numbers of shares through a single investment, which removes the need to pick individual stocks to buy.

But which ASX ETFs could be good options in October. Let's take a look at three highly rated options to consider for this money. They are as follows:

BetaShares NASDAQ 100 ETF (ASX: NDQ)

The first ASX ETF to consider is the extremely popular BetaShares NASDAQ 100 ETF.

This fund is home to many of the biggest and best companies that the world has to offer. This includes Apple, Microsoft, Nvidia, and Tesla.

The fund manager, Betashares, highlights that the Nasdaq 100 has outperformed over the last decade thanks largely to the innovation of the 100 companies included in the fund.

Betashares suspects that this trend could continue. It notes that the "largest 15 companies on the Nasdaq are the biggest R&D spenders, allocating an average of 16.9% of their revenues to R&D over the past 12 months. It has been this spending on innovation in areas like enterprise, cloud computing, cybersecurity, and more recently AI that has ultimately led to underlying growth."

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

Another ASX ETF for investors to consider for this money is the VanEck Vectors Morningstar Wide Moat ETF.

One of the most respected and widely followed investors of our time is Warren Buffett. Over many decades, the Oracle of Omaha has smashed the market, delivering very strong returns for his Berkshire Hathaway (NYSE: BRK.B) business.

But this hasn't been achieved with day trading or any fancy algorithms. It has been underpinned by Buffett's simple focus on buying high quality companies that have fair valuations and sustainable competitive advantages or wide moats.

While investors can follow in his footsteps by identifying companies of this type themselves. They can also save time by simply buying the VanEck Vectors Morningstar Wide Moat ETF.

At present, the fund is invested across ~50 shares that have the qualities that Buffett looks for when investing for Berkshire Hathaway. This includes the likes of Adobe, Estee Lauder, Nike, and Walt Disney.

BetaShares Global Cybersecurity ETF (ASX: HACK)

A final ASX ETF that could be a good option for a $10,000 investment is the BetaShares Global Cybersecurity ETF.

It provides investors with access to the leading players in the growing cybersecurity industry.

This could be a great place to park your money in the future. That's because 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.

Motley Fool contributor James Mickleboro has positions in BetaShares Nasdaq 100 ETF and Walt Disney. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Accenture Plc, Adobe, Apple, Berkshire Hathaway, BetaShares Global Cybersecurity ETF, BetaShares Nasdaq 100 ETF, Microsoft, Nike, Nvidia, Palo Alto Networks, Tesla, and Walt Disney. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended the following options: long January 2025 $290 calls on Accenture Plc, long January 2026 $395 calls on Microsoft, short January 2025 $310 calls on Accenture Plc, and short January 2026 $405 calls on Microsoft. 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, Apple, Berkshire Hathaway, Microsoft, Nike, Nvidia, VanEck Morningstar Wide Moat ETF, and Walt Disney. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on ETFs

Male hands holding Australian dollar banknotes, symbolising dividends.
ETFs

Invest $1,000 into these ASX ETFs in November

These funds have been tipped as great options for investors.

Read more »

A girl is handed an oversized ice cream cone with lots of different flavours.
ETFs

3 megatrends accessible via the Vanguard MSCI Index International Shares ETF (VGS)

The ASX VGS makes it easy to invest in several global investment megatrends via a single trade.

Read more »

ETF written with a blue digital background.
ETFs

3 ASX ETFs that could soar under a Harris presidency

If the Democrats win the US election, Cameron Gleeson of Betashares says these ASX ETFs may benefit.

Read more »

ETF spelt out with a piggybank.
ETFs

3 ASX ETFs that could boom under a Trump presidency

Betashares Investment Strategist Cameron Gleeson offers some ideas for ASX ETF investment based on Trump's key policies.

Read more »

Two people having a meeting using a laptop and tablet to discuss Seven West Media's balance sheet
ETFs

4 top ASX ETFs to buy for a SMSF in November

Do you run an SMSF? Check out these funds this month.

Read more »

Cubes placed on a Notebook with the letters "ETF" which stands for "Exchange traded funds".
ETFs

How the iShares S&P 500 ETF (IVV) can help Aussies retire early

This fund could be a top fund to own.

Read more »

A young boy wearing a hat, sunnies and striped singlet looks fierce and flexes his arm in victory.
ETFs

Want to own the world's strongest stocks? I think this could be the right ASX ETF to buy

This ETF is compelling to me for its leading holdings.

Read more »

A man points at a paper as he holds an alarm clock.
ETFs

Buy and hold these ASX ETFs for 10 years

Looking to make long term investments? These shares could be worth a closer look.

Read more »