2 of the best ETFs for ASX investors to buy next week

If you’re in the market for some new exchange traded funds (ETFs), then it could be worth considering the two listed below.

Both are filled to the brim with high quality companies and are trading well below their highest levels of the year. Here’s what you need to know:

BetaShares NASDAQ 100 ETF (ASX: NDQ)

It has not been a good year for the BetaShares NASDAQ 100 ETF. This hugely popular ETF has dropped 29% from its 52-week high.

This has been driven by a de-rating of tech valuations and, more recently, the poor performance of a number of tech behemoths such as Amazon and Meta (Facebook). The latter has lost almost three-quarters of its value in 2022 as TikTok steals screen time and Apple’s privacy changes make targeted advertising harder.

While this is very disappointing, it could prove to be an incredible buying opportunity for investors with a long-term focus. Particularly given the quality that is on offer with the ETF.

The BetaShares NASDAQ 100 ETF is home to the 100 largest (non-financial) businesses on Wall Street’s technology focused NASDAQ exchange. This means investors will be buying a slice of many of the world’s greatest companies such as Amazon, Apple, Alphabet, , Microsoft, Nvidia, and Tesla.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

The VanEck Vectors Morningstar Wide Moat ETF could be an ETF to consider next week.

Its units have fared a lot better than the Nasdaq 100 ETF and are down approximately 10% from their 52-week high.

This could make it an opportune time to make an investment, particularly given its strong track record of generating stellar returns. Even after accounting for 2022’s difficulties, the index the fund tracks has generated an average return of 19.14% per annum over the last 10 years.

This has been driven by its focus on fairly priced US companies with sustainable competitive advantages or moats.

The fund regularly changes its constituents and removes stocks when they become overvalued. But generally, there will be approximately 50 shares in the fund at any given time. At present, this includes Alphabet, Amazon, Boeing, Microsoft, Salesforce, and Walt Disney.

The post 2 of the best ETFs for ASX investors to buy next week appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Why is the BetaShares Nasdaq 100 ETF taking a thrashing today?
• I think these 2 ASX ETFs are unmissable buys in this sell-off
• Here are 3 ASX ETFs for smart investors
• 3 excellent ETFs for ASX investors to buy today
• Down 25%: Why is the BetaShares NASDAQ ETF having such a dire year?

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. has positions in and has recommended BETANASDAQ ETF UNITS. The Motley Fool Australia has positions in and has recommended BETANASDAQ ETF UNITS. The Motley Fool Australia has recommended VanEck Vectors Morningstar Wide Moat ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/RUGfnAl