2 tech ETFs for ASX investors to buy after the market selloff

The BetaShares Asia Technology Tigers ETF (ASX:ASIA) and this other fantastic tech ETF could be great options for ASX investors…
The post 2 tech ETFs for ASX investors to buy after the market selloff appeared first on The Motley Fool Australia. –

asx tech shares

If you’re looking to boost your portfolio with exchange traded funds (ETFs), then you might want to consider the two listed below.

Due to their focus on the tech sector, they have recently pulled back from their all-time highs. This could make it a good time to consider them as long term investments:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

If you’re interested in gaining exposure to the rapidly growing Asian tech sector, then you can achieve this with the BetaShares Asia Technology Tigers ETF.

Among the fund’s holdings you will find the likes of Alibaba, Baidu,, Meituan Dianping, Samsung, Tencent, and Pinduoduo.

My first focus will be on Pinduoduo. It is an e-commerce platform that offers a wide range of products from daily groceries to home appliances. Its platform connects distributors with consumers directly through an interactive shopping experience, allowing shoppers to team up to buy items at lower prices. At the end of September, it was serving 731 million active buyers.

Another company included in the fund is Alibaba. It is the Amazon of China and at the end of September had 757 million annual active customers. Across its Alibaba, Taobao, and Tmall brands, the company is estimated to control a sizeable 56% of China’s e-commerce market. It also has a presence offline with a growing network of grocery stores, hypermarkets, and department stores.

A third company in the fund is Meituan Dianping. Its apps connect consumers with local businesses for food deliveries, hotel bookings, movie tickets, and many other services. During the second quarter of FY 2020, the company was making 24.5 million food deliveries per day. Meituan had 476.5 million users at the end of September.

Over the last 12 months, the BetaShares Asia Technology Tigers ETF generated a return of 64% for investors.

Betashares Nasdaq 100 ETF (ASX: NDQ)

The Betashares Nasdaq 100 ETF aims to track the performance of the NASDAQ-100 Index. The NASDAQ-100 comprises 100 of the largest non-financial companies listed on the world-famous NASDAQ market. This includes many companies that are at the forefront of the new economy.

Among its top ten portfolio holdings are Google parent Alphabet, Amazon, Apple, Facebook, Intel, Microsoft, Netflix, Nvidia, PayPal, and Tesla. But it doesn’t stop there, there is also a whole range of exciting companies such as Booking Holdings, Intuit, and MercadoLibre in the fund. 

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 Amazon.

The company also has MercadoPago, which is a financial technology solution platform facilitating transactions on and off its marketplaces (much like PayPal). And finally, there’s the MercadoShops solution, which is Latin America’s answer to Shopify.

Over the last 12 months, the Betashares Nasdaq 100 ETF has generated a return of 20%.

Where to 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 are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

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 BETANASDAQ ETF UNITS. The Motley Fool Australia owns shares of and has recommended BetaShares Asia Technology Tigers ETF. The Motley Fool Australia has recommended BETANASDAQ ETF UNITS. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post 2 tech ETFs for ASX investors to buy after the market selloff appeared first on The Motley Fool Australia.

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!