There are many ETFs to choose from on the ASX. Check out these options…
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Exchange traded funds (ETFs) can be a fantastic way to balance out your portfolio. This is because ETFs provide investors with easy access to a large and diverse group of shares that you wouldn’t normally have access to.
With that in mind, I have picked out two ETFs that are popular with investors right now. Here’s what you need to know about them:
BetaShares Global Cybersecurity ETF (ASX: HACK)
The first ASX ETF to look at is the BetaShares Global Cybersecurity ETF. This increasingly popular ETF gives investors exposure to the leading companies in the global cybersecurity sector.
Included in the fund are a number of global cybersecurity giants and emerging players that appear well-positioned to benefit from the increasing demand for cybersecurity services. Among the companies you’ll be buying a piece of are Accenture, Cisco, Cloudflare, Crowdstrike, Okta, and Splunk.
In respect to CrowdStrike, it is a provider of incident response and forensic analysis services via its Falcon platform. CrowdStrike’s services are designed to help businesses understand whether a breach has occurred. It then allows the user to respond and recover from a breach with speed and precision to remediate the threat.
As for Okta, it provides businesses with workforce identity solutions. This ensures that information is only accessed by those that are meant to have it. Management is positive on its growth prospects and is guiding to US$4 billion in annual revenue by FY 2026. This implies compound annual growth of at least 35% over the next five years.
VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)
Another ETF to consider is the VanEck Vectors Video Gaming and eSports ETF. This ETF gives investors exposure to a portfolio of the largest companies involved in video game development, eSports, and gaming related hardware and software globally.
VanEck points out that these companies are well-placed to benefit from the increasing popularity of video games and eSports. Among the companies included in the fund are the likes of Nvidia and game developers Activision Blizzard, Take-Two and Electronic Arts.
Take-Two is the company behind the Grand Theft Auto and Red Dead franchises. Whereas Electronic Arts is the company that makes the FIFA and Madden NFL series and Activision Blizzard is behind the Call of Duty series.
As for Nvidia, it is the graphics processing unit (GPU) developer that sparked the growth of the PC gaming market in 1999. Since then, its GPU deep learning ignited modern artificial intelligence, which is the next era of computing. The company’s technology is also used by cryptocurrency miners, giving investors indirect exposure to this growing market.
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Should you invest $1,000 in ESPO right now?
Before you consider ESPO, you’ll want to hear this.
Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and ESPO wasn’t one of them.
The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.
*Returns as of May 24th 2021
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. The Motley Fool Australia owns shares of and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.