Here’s why the BetaShares NASDAQ 100 ETF (ASX:NDQ) and this outstanding ETF could be great options for ASX investors in February…
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Exchange traded funds (ETFs) continue to grow in popularity with Australian investors.
And it isn’t hard to see why. Through a single investment, ETFs allow investors to invest in a large number of shares that they wouldn’t ordinarily have access to.
But given the large number of ETFs to choose from, it can be difficult to decide which ones to buy. Two that come highly rated are listed below:
BetaShares Asia Technology Tigers ETF (ASX: ASIA)
The BetaShares Asia Technology Tigers ETF gives investors exposure to a number of the biggest tech shares in the Asia market. BetaShares notes that due to its younger, tech-savvy population, Asia is surpassing the West in respect to technological adoption. In light of this, the sector is anticipated to remain a growth sector for some time to come.
Among the fund’s holdings you will find the likes of Alibaba, Baidu, JD.com, NetEase, and Tencent.
In respect to Tencent, it is a multinational technology conglomerate and one of the largest companies in the world.
Tencent’s communication and social platforms, Weixin and QQ, connect over a billion users with each other and with digital content and services, both online and offline, making their lives more convenient.
The company is also well-known for its portfolio of games that generate billions of dollars in revenue each year. One of those is the smart phone game Honour of Kings, which exceeded 100 million average daily active users for the first ten months of 2020.
Tencent also has a targeted advertising platform that helps advertisers reach out to hundreds of millions of consumers in China.
BetaShares NASDAQ 100 ETF (ASX: NDQ)
The BetaShares NASDAQ 100 ETF is one of the most popular ETFs on the Australian share market. It aims to track the performance of the NASDAQ 100.
It comprises 100 of the largest non-financial companies listed on Wall Street’s famous exchange. Among its holdings you’ll find many of the biggest and brightest tech companies in the world. This includes Amazon, Apple, Microsoft, Netflix, and Google parent, Alphabet.
It also includes some lesser-known companies such as MercadoLibre.
MercadoLibre is an operator of ecommerce platforms in the Latin America market. It is best known for the MercadoLibre Marketplace, which is an automated ecommerce platform that enables businesses and individuals to list merchandise and conduct sales and purchases online. It is often referred to as Latin America’s Alibaba.
It also has MercadoPago, which is a financial technology solution platform facilitating transactions on and off its marketplaces, the MercadoCredito lending solution, and the MercadoShops solution. The latter is Latin America’s answer to Shopify.
It has been growing at an extraordinary rate over the last decade and shows no signs of stopping any time soon.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended BETANASDAQ ETF UNITS and BetaShares Asia Technology Tigers ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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