If youâre not keen on stock picking, but want to invest, then exchange traded funds (ETFs) could be the answer.
That’s because ETFs allow investors to buy large groups of shares through a single investment.
But which ASX ETFs could be worth considering this week? Three high-quality ETFs to look at are listed below, here’s what you need to know about them:
BetaShares NASDAQ 100 ETFÂ (ASX: NDQ)
Alphabet, Amazon, Apple, Microsoft, and Tesla, to name just five, are among the ultra high-quality companies that you will be owning a slice of when buying this ASX ETF. Thatâs because the BetaShares NASDAQ 100 ETF gives investors access to the 100 largest non-financial shares on the famous NASDAQ index in one fell swoop. Given how positive their long-term outlooks are as a whole, this ETF could be a smart choice for buy and hold investors.Â
iShares Global Consumer Staples ETFÂ (ASX: IXI)
Another high-quality ASX ETF for investors to consider buying is the iShares Global Consumer Staples ETF. It could be a top option if youâre concerned that a recession is looming. Thatâs because the companies included in this ETF are likely to remain well-placed to navigate any crisis given how demand for their products remains consistent whatever happens in the economy. Among the global consumer staples companies held by the fund are Coca-Cola, Nestle, PepsiCo, Procter & Gamble, Unilever, and Walmart.
iShares S&P 500 ETFÂ (ASX: IVV)
A final ASX ETF for investors to consider buying is the iShares S&P 500 ETF. This ETF gives investors access to 500 of the top listed U.S. companies. This is a more diverse group of shares compared with the tech-heavy Nasdaq 100 ETF. So, if you’re not overly bullish on the tech sector, this ETF could be a great alternative. Among its holdings are the likes of Amazon, Apple, Disney, Facebook, JP Morgan, Johnson & Johnson, Microsoft, Tesla, and Visa.
The post Hereâs why these high-quality ASX ETFs could be buys this week appeared first on The Motley Fool Australia.
“Cornerstone” ETFs for building long term wealth…
Scott Phillips says plenty of people who hear the ‘ETFs are great’ story don’t realise one important thing. Not all ETFs are the same — or as good as you may think.
To help investors navigate this often misunderstood area of the market, he’s released research revealing the “cornerstone” ETFs he thinks everyone should be looking at right now. (Plus which ones to avoid.)
Click here to get all the details
*Returns as of April 3 2023
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More reading
- 5 ASX shares I’d buy for a US recession
- How to invest $5,000 in ASX shares today like Warren Buffett might
- 3 excellent ETFs for ASX investors to buy right now
- Iâm a dividend investor. Should I buy the Betashares Nasdaq 100 ETF (NDQ)?
- Could buying iShares S&P 500 ETF (IVV) shares at under $45 make me rich?
Motley Fool contributor James Mickleboro has positions in BetaShares Nasdaq 100 ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF and iShares International Equity ETFs – iShares Global Consumer Staples ETF. The Motley Fool Australia has recommended iShares S&P 500 ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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