Insights

2 exciting ASX growth shares that are rated very highly

These ASX shares could be top options for growth investors…
The post 2 exciting ASX growth shares that are rated very highly appeared first on The Motley Fool Australia. –

If you’re a growth investor looking for some new investment ideas, then you might want to look at the shares listed below.

Here’s what you need to know about these growth shares:

BetaShares Global Cybersecurity ETF (ASX: HACK)

The first option for growth investors to look at is actually an exchange traded fund (ETF) that provides exposure to 39 growth shares that are focused on keeping people and businesses safe online.

The BetaShares Global Cybersecurity ETF aims to track the performance of an index that provides investors with access to the leaders in the growing global cybersecurity sector. BetaShares notes that with cybercrime on the rise, demand for cybersecurity services is expected to grow strongly for the foreseeable future.

Among the companies you’ll be owning a slice of are cybersecurity giants and emerging players from a range of global locations. These include the likes of Accenture, Cisco, Cloudflare, Crowdstrike, Okta, and Zscaler.

Over the last five years, the index the ETF tracks has generated an impressive average return of 23.7% per annum for investors.

Life360 Inc (ASX: 360)

Another ASX growth share to look at is this San Francisco based technology company behind the incredibly popular Life360 mobile app. This market leading app for families offers a range of features such as communications, driver safety, and location sharing.

Life360 recently announced its second quarter update and revealed further explosive growth in user numbers. The company’s user base grew by over 4 million over the three months to a massive 32 million users. This is underpinning significant recurring revenue growth. In fact, the company surpassed US$100 million of annualised monthly revenue during the quarter. This positions Life360 to deliver for another stellar full year result later this year.

Credit Suisse is a fan of the company. It currently has an outperform rating and $10.00 price target on its shares.

The post 2 exciting ASX growth shares that are rated very highly appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

2 highly rated ETFs for ASX investors next week

Why US celebrities are buying into this ASX share

3 excellent ASX tech shares that could be buys

Healthcare, miners among top performing ASX ETFs in July

How this ASX ETF is helping protect our school kids

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended BETA CYBER ETF UNITS and Life360, Inc. The Motley Fool Australia owns shares of and has recommended BETA CYBER ETF UNITS. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!