Could the BetaShares Asia Technology Tigers ETF (ASX:ASIA) be the best ETF for ASX investors to buy right now?
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If you’re looking for an easy way to invest in international shares for diversification, then exchange traded funds (ETFs) could be just what you need.
Why the BetaShares Asia Technology Tigers ETF?
The BetaShares Asia Technology Tigers ETF could be a great option for investors that are looking for exposure to international tech shares.
This is because this fund gives investors exposure to a number of the most exciting tech shares in the Asia market (excluding Japan).
Among the fund’s holdings you will find the likes of, Alibaba, Baidu, JD.com, Meituan Dianping, Pinduoduo, Samsung, and Tencent.
What do these companies do?
To give you an idea of what you are investing in, I thought I would give you a little summary of what these companies do.
The first one I’m going to look at is Baidu. It is often referred to as China’s version of Google.
As you may be aware, much to the delight of Baidu, Google is not able to operate in China. This has allowed it to become the dominant search engine in the country by some margin.
In addition to this, the company is responsible for the iQIYI video streaming service, which is China’s equivalent of Netflix. At the end of September, iQIYI’s paid subscribers reached 104.8 million. This compares to 203.7 million Netflix subscribers globally.
Another company included in the ETF is Alibaba. It is the Amazon of China and at the end of September had 757 million annual active customers. The company is estimated to control a sizeable 56% of China’s e-commerce market across its numerous brands.
Finally, another company in the fund is Meituan Dianping. Through its app, it connects consumers with local businesses for food deliveries, hotel bookings, and movie tickets, among many other services. At the end of the second quarter of FY 2020, Meituan Dianping was making 24.5 million food deliveries per day and had a total of 476.5 million users.
Given the quality in this fund and their strong growth, it will come as no surprise to learn that the BetaShares Asia Technology Tigers ETF has vastly outperformed the ASX 200 over the last 12 months.
Since this time in 2020, the BetaShares Asia Technology Tigers ETF share price has charged X% higher.
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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 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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