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.

| More on:
ETF written with a blue digital background.

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

ASX exchange-traded funds (ETFs) provide a convenient way for Australians to invest in international shares via our local exchange.

With the United States election upon us, many ASX investors are wondering what a Harris or Trump victory will mean for the global economy, share markets, and their own investments.

Betashares Senior Investment Strategist Cameron Gleeson has shared his ideas about which ASX ETFs may benefit if US Vice-President Kamala Harris wins this week's election.

In an article, Gleeson discusses how Harris' policies may impact the global economy and markets.

(Keep in mind that the impact will also depend on whether the Democrats gain control of Congress.)

Let's take a look.

Harris' key policies in this election

Here is Gleeson's summary of Kamala Harris' key policies that matter the most.

Taxes and spending

  • Raise corporate tax rate from 21% to 28%
  • Increase taxes on buybacks and companies' foreign income
  • Extend 2017 personal tax cuts for households earning under $400,000
  • New taxes for billionaires and very high-income earners
  • Fiscal assistance for small businesses, housing, healthcare, and parents
  • Maintain US aid to Ukraine

Trade and Tariffs

  • Continue Biden's support for US semiconductor and clean energy manufacturing
  • Continue Biden's approach to strategic use of tariffs and trade embargos

Immigration, Energy, and the Federal Reserve

  • An increased focus on border control, with a conditional increase in new immigrant visas
  • Prioritisation of clean energy industry investment and support
  • Maintain Federal Reserve independence

ASX ETFs that may benefit from a Harris Presidency: expert

Betashares Asia Technology Tigers ETF (ASX: ASIA)

Gleeson says the ASX ETF ASIA could benefit from a potential relief rally in Asia:

East Asia is one of the most trade exposed regions in the world, and is home to some of the world's leading high tech manufacturing and semiconductor supply chain companies, including Samsung and TSMC, which are both currently held in ASIA.

Betashares Energy Transition Metals ETF (ASX: XMET)

Gleeson says the ASX ETF XMET may benefit from Harris' plans to expand the supply of critical minerals for the green energy transition:

Harris has promised to establish of a national reserve of critical minerals such as cobalt, lithium, and nickel to advance the US's aspirations in clean energy, EVs and battery tech.

Betashares Global Defence ETF (ASX: ARMR)

Gleeson says the ASX ETF ARMR may benefit from ongoing or increased defence spending:

Harris promises continued support for Ukraine and more multilateralism, while still maintaining a hard line against China.

Foolish takeaway

Gleeson advises that any potential upside to these ETFs may be limited to a short post-election bump.

"In the longer term, markets are more beholden to macro-economic fundamentals than politics," he says.

Here at The Motley Fool, our analysts recommend not trying to time the market. Our team advocates taking a long-term view and using fundamental analysis to choose which ASX ETFs or shares to invest in.

Should you invest $1,000 in Betashares Global Defence Etf - Beta Global Defence Etf right now?

Before you buy Betashares Global Defence Etf - Beta Global Defence Etf shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Betashares Global Defence Etf - Beta Global Defence Etf wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Betashares Capital - Asia Technology Tigers Etf. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on ETFs

A happy young couple lie on a wooden deck using a skateboard for a pillow.
ETFs

5 fantastic ASX ETFs to buy for easy investing

Looking for an easy way to invest? Here are five funds to consider buying.

Read more »

A woman relaxes on a yellow couch with a book and cuppa, and looks pensively away as she contemplates the joy of earning passive income.
ETFs

3 ASX ETFs to buy for passive income in May

Don't like stock picking but want passive income? Here are three funds that could help you.

Read more »

Happy man holding Australian dollar notes, representing dividends.
ETFs

How to turn $500 a month into $250,000 with ASX ETFs

This is the easy way to build wealth. Let's see how it works.

Read more »

ETF spelt out with a rising green arrow.
ETFs

Invest $500 into these fantastic ASX ETFs

These funds could be great picks for investors with money to invest in the share market this month.

Read more »

A group of office workers pump the air to celebrate
ETFs

Why VanEck Australian Equal Weight ETF could be a top performing ASX ETF in 2025

This ETF could be primed for a particularly successful 2025.

Read more »

woman talking on the phone and giving financial advice whilst analysing the stock market on the computer with a pen
ETFs

2 under the radar ASX ETFs that are up more than 100% over 5 years

It might be worth adding these two ETFs to your radar.

Read more »

a business person checks his mobile phone outside a Wall Street office with an American flag and other business people in the background.
ETFs

The pros and cons of buying BetaShares NASDAQ 100 ETF (NDQ) units this month

Is this the right time to invest in US stocks?

Read more »

Smiling business woman calculates tax at desk in office.
ETFs

Buying the dip: $10,000 invested in VTS ETF and NDQ ETF at the recent trough is now worth?

Let's do the calculations.

Read more »