Here’s why the Betashares Nasdaq 100 ETF (ASX:NDQ) and this tech ETF could be great options for ASX investors…
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If you’re wanting to invest in the tech sector but aren’t sure which shares to buy, then you might want to consider exchange traded funds (ETFs).
There are a number of ETFs out there that allow investors to buy a slice of some of the world’s biggest and brightest tech companies. Two such ETFs that will allow you to achieve this are listed below:
BetaShares Asia Technology Tigers ETF (ASX: ASIA)
If you already have exposure to the US tech sector, then you might want to consider the BetaShares Asia Technology Tigers ETF. As its name implies, this ETF gives investors exposure to some of the largest tech companies in the Asian market.
BetaShares believes this is a good place to invest, noting that technological adoption in Asia is surpassing the West. Furthermore, this trend is expected to continue in the future, underpinning strong growth over the next decade.
At present there are a total of 50 companies included in the fund. Among its largest holdings you’ll find Alibaba, Infosys, JD.com, Meituan, Pinduoduo, Samsung, and Tencent.
In respect to the latter, Tencent is a multinational technology conglomerate and one of the largest companies in the world. It is best known for its communication and social platforms, Weixin (WeChat) and QQ, which connect over a billion users with each other.
Betashares Nasdaq 100 ETF (ASX: NDQ)
If you don’t have exposure to the US tech sector, then one of the best ways to achieve this could be with the Betashares Nasdaq 100 ETF. It aims to track the performance of the famous NASDAQ-100 Index, which is home to 100 of the largest non-financial companies listed on the NASDAQ stock exchange.
This includes many companies that are at the forefront of the new economy, such as Amazon, Apple, Facebook, Netflix, and Tesla.
As a whole, these companies have collectively been outperforming the Australian share market by some distance over the last five years. And thanks to their positive long term outlooks, they look well-placed to potentially continue this outperformance over the next five.
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