Category: Stock Market

The Pilbara Minerals Ltd (ASX: PLS) share price spearheaded the lithium cohort today and was up 10.5% at $1.31 by the end of trading. 

The Pilbara share price achieved most of its gains in the first hour of trade but released a positive drilling results announcement before the market close to further extend its bullish day. 

Pilbara share price flies on “exceptional” drill results 

In today’s release, Pilbara reported significant initial assay results from exploration and resource extension drilling programs at its Pilgangoora Lithium-Tantalum project in Western Australia. 

The programs are currently targeting the previously under-explored region adjacent to its recently acquired Altura Lithium Operations tenement boundary.

Currently, 7,009 drill metres have been completed in the proposed 9,500 metre program. Select assay results received from its first nine holes in the program include: 

15m @ 2.35% Li2O and 100ppm Ta2O5 from 142m (PLS1315)
22m @ 1.27% Li2O and 87ppm Ta2O5 from 125m (PLS1316)
18m @ 2.01% Li2O and 75ppm Ta2O5 from 168m (PLS1319)
18m @ 1.81% Li2O and 80ppm Ta2O5 from 150m (PLS1320)
20m @ 1.55% Li2O and 89ppm Ta2O5 from 174m (PLS1321)

Pilbara notes it will incorporate the results from this drilling program into its updated combined Pilgangoora Project Mineral Resource, which is scheduled for release in the September quarter. 

Management commentary 

Commenting on the results, Pilbara Minerals CEO Ken Brinsden said: 

The area adjacent to the old Altura tenement boundary has always offered significant exploration potential and was considered one of the benefits for Pilbara Minerals undertaking the Altura asset acquisition.

These results from the current program confirm the potential endowment of this area and we intend to work hard on this area in the coming months to add further value to the integrated operations.

Brinsden said as one of the world’s great lithium resources, the Pilgangoora Project would play “an important part in raw materials supply across the globe, including value-added products, as the global decarbonisation push and electrification drive gather significant momentum”.

A strong day for ASX lithium shares 

ASX lithium shares appear to be taking charge despite no catalyst from the likes of Tesla Inc (NASDAQ: TSLA) or renewables ETFs such as the Global X Lithium & Battery Tech ETF.

The Galaxy Resources Ltd (ASX: GXY) closed today up 2.98% at $4.15 at a 2-year high. While the Orocobre Ltd (ASX: ORE) share price has also surpassed a 2-year high, up 3.45% to $7.20. 

The Pilbara share price is currently leading the pack but is still 5% off its 22 January 2021 high of $1.385. 

More reading

• These could be the next up and coming ASX lithium shares
• Tesla boss: ASX lithium shares set to boom
• Why the Galaxy (ASX:GXY) share price rocketed 55% higher in April
• Why ASX lithium shares like Orocobre (ASX:ORE) soared in April
• The Core Lithium (ASX:CXO) share price jumped over 11% today

Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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If you’re a fan of growth shares, then you might want to take a look at the ones listed below.

Here’s why these quality ASX growth shares have been tipped as ones to buy right now:

Altium Limited (ASX: ALU)

This electronic design software provider could be a growth share to look closely at. As well as being the company behind the Altium Designer and Altium 365 platforms, it also has the Octopart electronic parts search engine business and the NEXUS design collaboration platform supporting the core business.

All these businesses have exposure to the growing internet of things and artificial intelligence markets. And as these markets are underpinning an explosion in electronic devices globally, demand for Altium’s offering looks likely to increase materially in the future. Especially given how its platforms are widely regarded as the best in the industry by some distance.

One broker that is positive on the company’s future is Citi. Late last month the broker put a buy rating and $33.50 price target on Altium’s shares. It suspects that the company is nearing the end of its COVID-19 related downgrade cycle and remains positive on the long term.

Pushpay Holdings Group Ltd (ASX: PPH)

Another ASX growth share to look at is Pushpay. It is a leading donor management and community engagement platform with a focus on the faith sector.

It has been growing strongly in recent years but still has an enormous runway for growth. For example, management has set itself a target of winning 50% of the medium to large US church market in the future. This represents US$1 billion in revenue, which is almost 8 times greater than FY 2020’s revenue.

Pleasingly, it looks well-positioned to achieve this thanks to its industry-leading platform. This platform was also bolstered by the acquisition of US$87.5 million church management system provider Church Community Builder last year.

This has led to the launch of ChurchStaq, which is the amalgamation of its Pushpay and Church Community Builder software. It brings together digital giving, donor development, church apps, and church management software (ChMS) to deliver a fully integrated engagement platform.

Goldman Sachs is positive on Pushpay and believes it is well-placed for long term growth. The broker has a buy rating and ~$2.59 price target on its shares.

More reading

• ASX 200 Weekly Wrap: Bank shares push ASX 200 towards all-time high
• Got money to invest? Here are 2 ASX shares to buy
• These were the worst performing ASX 200 shares last week
• Are there buying opportunities among ASX COVID fallen stars?
• 3 ASX shares to buy in May 2021

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 PUSHPAY FPO NZX. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Altium. The Motley Fool Australia owns shares of Altium. The Motley Fool Australia has recommended PUSHPAY FPO NZX. 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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It certainly was a great start to the week for the Australian share market. The S&P/ASX 200 Index (ASX: XJO) has just closed the day with a gain of 1.3% to 7,172.8 points.

Doing some of the heavy lifting today were the banks. They all pushed notably higher, except for the Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price.

Its shares actually ended the day with a 1.3% decline to $27.38. This compares to gains of 1.1% to 1.3% for the rest of the big four.

Why was the ANZ share price underperforming today?

The good news is that the ANZ share price wasn’t out of form on Monday due to anything operational or broker related.

The decline in the bank’s shares was entirely attributable to them trading ex-dividend this morning for its upcoming interim dividend.

In fact, if you were to remove the dividend from the equation, the ANZ share price would have recorded a gain of over 1% today.

The ANZ dividend

Last week when ANZ released its half year results, the bank declared a fully franked interim dividend of 70 cents per share.

Based on its last close price, this dividend represents a yield of 2.5%.

Eligible shareholders, those that owned shares prior to the market open today, can now look forward to being paid this dividend in around seven weeks on 1 July.

Is the ANZ share price in the buy zone?

While it is now too late to get hold of its interim dividend, it may not be too late for potential share price returns.

According to a note out of Morgans from last week, its analysts currently have an add rating and $34.50 price target on the bank’s shares.

Based on the current ANZ share price, this price target implies potential upside of 26% over the next 12 months.

Given the potential return on offer, it will come as no surprise to learn that ANZ is the broker’s top pick in the sector right now.

More reading

• The ALS (ASX:ALQ) share price is flying on news of debt refinancing
• ASX 200 Weekly Wrap: Bank shares push ASX 200 towards all-time high
• 2 highly rated ASX dividend shares with generous fully franked yields
• The big four banks and Macquarie offer these juicy dividend yields
• 2 blue chip ASX dividend shares given buy ratings

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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The Commonwealth Bank of Australia (ASX: CBA) is looking to “build Australia’s future economy” through its new joint venture with data science firm Quantium.

The joint venture will see data procured from Australia’s top retail bank to deliver data-driven insights to Australian businesses, governments and investors.

The partnership is the second the banking giant has announced today. The announcement of its joint venture with Quantium followed news its partnered with e-commerce operator Bigcommerce Holdings IncB.

At the time of writing, the Commonwealth share price has sunk from its intraday high of $95.18 – which was yet another 52-week high. Shares in the bank are currently swapping hands for $94.85, representing a 0.99% gain from its previous closing price.

Let’s take a look at Commonwealth Bank’s newest joint venture.

Commonwealth Bank X Quantium

Commonwealth Bank and Quantium have teamed up to create CommBank iQ.

CommBank iQ will use data pooled from the Commonwealth Bank’s retail transactions and Quantium’s data science capabilities to deliver insights to Australian businesses, policymakers, and investors. The bank says this will help “shape and drive the country’s future economy”.

The Australian Financial Review (AFR) reported Quantium ditched its long-term agreement with Australia National Bank Ltd (ASX: NAB) in favour of its joint venture with CBA.

According to the AFR, Quantium approached the Commonwealth Bank, hoping it could access CBA’s unmatched data pool of Australian retail transactions.

According to the bank, CommBank iQ will offer various solutions, including insights reports, decision support tools, and AI decision engines that will use data to automate decision-making. This will likely prove useful to institutions looking to act on customer insights.

Both CBA and Quantium will contribute team members to the joint venture. Quantium will also contribute its big data tech stack.

CommBank iQ will use best practice data ethics and governance standards. All data handled by the joint venture will be aggregated and de-identified.

CommBank iQ will begin trading in the second half of 2021.

Commentary from management

The Commonwealth Bank’s group executive of institutional banking and markets, Andrew Hinchliff, commented on the joint venture. Hinchliff said CommBank iQ would help Australia’s leading institutions steer the nation’s economic recovery and transition.

As Australia’s biggest bank, we see more transactions than any other institution in the country…

CommBank iQ will help Australian institutions become more customer centric and better able to quickly identify and respond to both complex problems and significant growth opportunities.

Quantium’s CEO Adam Driussi said:

Commbank iQ’s experienced consultants will also offer the commercial skills and sector experience to identify and unlock hidden value for a wide range of institutions. It’s a truly exceptional solution that promises to solve challenging problems and create better products and services for Australians.

More reading

• Commonwealth Bank (ASX:CBA) share price hits record high. Here’s why
• ASX 200 Weekly Wrap: Bank shares push ASX 200 towards all-time high
• The big four banks and Macquarie offer these juicy dividend yields
• How the Commonwealth Bank (ASX:CBA) share price moved this week
• Australia’s trust in big banks up 19% in just 2 years: report

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.

The Motley Fool Australia has no position in any of the stocks mentioned. 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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It was another disappointing day for the Adore Beauty Group Ltd (ASX: ABY) share price on Monday.

At one stage, the online beauty retailer’s shares were down as much as 9% to a record low of $3.34.

When the Adore Beauty share price hit that level, it meant it was down a disappointing 50% from its October IPO listing price of $6.75.

Why is the Adore Beauty share price under pressure?

As well as being caught up in an ecommerce selloff along with the likes of Kogan.com Ltd (ASX: KGN) and Redbubble Ltd (ASX: RBL), a disappointing trading update last week has weighed heavily on the Adore Beauty share price.

That update revealed that Adore Beauty achieved revenue of $39.4 million. While this was a 47% increase on the prior corresponding period, it is a 22% decline on the average quarterly revenue it achieved during the first half.

In addition to this, management’s decision to change the goal posts when reporting its active customers has confused investors.

Instead of reporting active customers on a 12-month basis as normal, it elected to report them on a 9-month basis.

Management revealed that active customer reached 687,000 at the end of March on a 9-month basis. This was up 69% on the prior corresponding 9-month period.

However, it was a decline on the 12-month active customers it reported at the end of December of 777,000. 

No explanation was given for the change in reporting. Nor did management advise whether its numbers are growing or declining on a 12-month rolling basis. In light of this, investors may be concerned that the company is cherry picking metrics.

What else is weighing on sentiment?

The response to its update from brokers also appears to be weighing on the Adore Beauty share price.

For example, Shaw and Partners cut its price target by 28% to $6.00 and Morgan Stanley slashed its price target by 43% to $5.00. UBS was a little more forgiving, cutting its price target by 9.7% to $5.60. 

It is, however, worth noting that they all have the equivalent of buy ratings on its shares. So all is not clearly lost.

And while Morgan Stanley has warned that the next couple of quarters could be challenging, it remains positive. Due to its leadership position in a structural growth market, the broker believes it is worth sticking with the company.

It is expecting Adore Beauty to post a decline in revenue in the first half of FY 2022, before returning to growth in the second half.

More reading

• Are there buying opportunities among ASX COVID fallen stars?
• Why Adore Beauty, Appen, HUB24, & News Corp shares are charging higher
• Brokers name 3 ASX shares to buy now
• Why the Adore Beauty (ASX:ABY) share price is rebounding 7% today
• Why Adore Beauty, Appen, Flight Centre, & Nearmap shares are sinking

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Adore Beauty Group Limited. The Motley Fool Australia has no position in any of the stocks mentioned. 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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The National Australia Bank Ltd (ASX: NAB) share price has been a solid performer on Monday.

In afternoon trade, the banking giant’s shares are up 1% to $27.06.

This latest gain means the NAB share price is now up 18% since the start of the year.

Can the NAB share price go even higher?

One leading broker that believes the NAB share price can still go higher from here is Morgans.

According to a recent note, the broker has retained its add rating and $29.00 price target on the bank’s shares.

Based on the current NAB share price, this implies potential upside of 7.2% excluding dividends.

And if you include the $1.29 per share fully franked dividend the broker is expecting this year, this potential return stretches to approximately 12%.

Why is Morgans positive on NAB?

The broker has named a few reasons why it is bullish on the NAB share price.

One of those is that it still believes its provisioning looks conservative, even after its net release.

It commented: “The 1H21 credit impairment benefit of $128m is less than our forecast of $517m. NAB’s collective provision (CP) coverage of credit risk weighted assets (CRWA) was 155bps at Dec-2020 and we were expecting this to be reduced to 140bps at Mar-2020. However, NAB has only reduced this coverage to 150bps at Mar-2020, which we believe to be a very conservative coverage ratio given the improvement in the economic outlook.”

“While there was an ‘underlying’ net provision release of $114m and a release of Economic Adjustment (EA) of $235m, NAB topped up its forward-looking adjustments (FLAs) by $221m primarily for aviation and high-risk mortgage exposures. We now forecast NAB’s CP coverage to be reduced to 140bps in 2H21F,” it explained.

Another reason to be positive is the increasing potential for capital management.

Morgans notes that NAB’s CET1 ratio of 12.4% is better than it was expecting. It also points out that it compares very favourably with APRA’s ‘unquestionably strong’ benchmark of 10.5%.

In light of this and management’s target CET1 range of 10.75% to 11.25%, it believes NAB will be looking to conduct capital management in the form of share buybacks.

The broker is forecasting surplus CET1 capital of $9.1 billion at the end of FY 2022, equating to $2.75 per share.

All in all, it appears to believe that this and the improving outlook for the sector makes the NAB share price good value at the current level.

More reading

• Commonwealth Bank (ASX:CBA) share price hits record high. Here’s why
• ASX 200 Weekly Wrap: Bank shares push ASX 200 towards all-time high
• The big four banks and Macquarie offer these juicy dividend yields
• 4 reasons this broker thinks the NAB (ASX:NAB) share price is a buy
• IOOF (ASX:IFL) share price higher on transformational acquisition update

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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The Investigator Resources Ltd (ASX: IVR) share price is surging today after the company confirmed regional silver potential in Paris (South Australia).

Investigator shares are up 9% at the time of writing, trading at 9.6 cents per share, further boosting their high 688% yearly return. 

Investigator Resources is a mineral exploration company focusing on copper, gold, silver and nickel exploration. Its operations include Paris silver, Peterlumbo, Maslins IOCG and Eyre Peninsula projects.

Investigator’s Paris of the South

Today’s update focuses on Investigator’s 100% owned Peterlumbo tenement, which hosts the Paris Silver Project in South Australia. This is home to several drilling targets that were subject to a major drilling operation throughout 2020 and has recently returned assays.

The strongest silver intersections were at the company’s Argos, Ares and Paris Dyke targets. The miner found the highest grade at Argos, which returned three metres at 10g/t of silver from 56 metres deep and two metres at 13g/t of silver from 69 metres deep.

Additional results included 25 metres at 0.33% lead and 0.3% zinc from 53 metres deep.

These are the latest in a line of silver mining results that have sent the Investigator share price climbing.

According to the miner, its Paris project is more than just a pretty name. It’s the “highest grade undeveloped silver project in Australia”.

A “shallow, high-grade silver deposit amenable to open-pit mining”, Paris hosts an Australasian 2012 resource estimate of 9.3 metres at 139g/t silver and 0.6% lead for 42 million ounces of contained silver and 55 kilotonnes of contained lead. 

The company says an updated resource estimate is due to be finalised within weeks. Metallurgical test work currently targets opportunities to “maximise recoveries”, with a pre-feasibility study due in June this year.

What did management say?

Investigator managing director Andrew McIlwain said the results demanded further study:

With more recent work naturally focussed on the growth and advancement of the Paris Silver Project’s resource, little work had been undertaken following up known regional opportunities. When capital was raised in August 2020, a commitment was made to pursue the thesis that similar mineralisation could feasibly exist within close proximity to Paris.

We are encouraged by the results, particularly at Ares and Argos, where we are looking for a Paris repeat along trend from Paris. Identification of silver mineralisation in this wide spaced reconnaissance drill program supports our optimism that the region may hosts other further silver deposits and we will embark on further drilling at Argos, Ares and Helen, as well as at Paris Dyke – which delivered encouraging results close to the existing Paris silver resource – in the next few months.

Investigator share price snapshot

The Investigator share price has made impressive yearly returns, led by constant high-grade silver results from its Paris mine. Trading at one cent in June last year, the gains have been consistent, with few significant drops in between.

Still, the Investigator share price has a long way to climb to reach its decade high of 33 cents, set all the way back in 2012.

More reading

• Is the NAB (ASX:NAB) share price great value?
• Leading brokers name 3 ASX shares to buy today
• Galilee (ASX:GLL) share price jumps on ‘encouraging’ gas results
• 2 high-growth, quality ETFs to buy
• Why a2 Milk, American Pacific Borate, Appen, & Incitec Pivot are tumbling lower

Motley Fool contributor Lucas Radbourne-Pugh has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares that leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Goodman Group (ASX: GMG)

According to a note out of Citi, its analysts have retained their buy rating and lifted their price target on this integrated commercial property company’s shares to $22.10. This follows the release of Goodman’s third quarter update last week. Citi believes the update highlights improving operating conditions, particularly given how its work in progress has increased ahead of expectations. In addition to this, it notes stronger rental growth and a sky high occupancy rate. Overall, it suspects that Goodman could be positioned to outperform the market’s growth expectations over the medium term. The Goodman share price is fetching $19.45 today.

Nearmap Ltd (ASX: NEA)

A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $3.30 price target on this embattled aerial imagery technology and location data company’s shares. According to the note, the broker doesn’t see legal threats as a risk to its earnings power, only to short term liquidity. Overall, it still feels that the company, and particularly its US business, is being undervalued by the market. As a result, it is happy to hold firm with its overweight rating. The Nearmap share price is trading at $1.80 today.

ResMed Inc. (ASX: RMD)

Analysts at Credit Suisse have retained their outperform rating and $29.00 price target on this sleep treatment focused medical device company’s shares. According to the note, the broker believes ResMed’s new AirSense 11 CPAP device could be a key driver of growth in the coming years. It suspects that around a fifth of machines bought between FY 2015 and FY 2019 are likely to upgrade to the new technology. In light of this, it has increased its estimates accordingly. The ResMed share price is fetching $25.15 on Monday afternoon.

More reading

• Why Crown, Fortescue, Nearmap, & Tyro shares are charging higher
• Why the Nearmap (ASX:NEA) share price is jumping 7% today
• ASX 200 Weekly Wrap: Bank shares push ASX 200 towards all-time high
• These were the worst performing ASX 200 shares last week
• 2 blue chip ASX 200 shares rated as buys

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 Nearmap Ltd. The Motley Fool Australia has recommended Nearmap Ltd. and ResMed Inc. 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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The Galilee Energy Ltd. (ASX: GLL) share price is rising today after the company reported its Glenaras Gas Pilot Operations Update.

Galilee shares are trading close to 5% higher at 85 cents per share, up 124% this past year.

Galilee is a Brisbane-based energy company engaged in exploring and developing coal seam gas in the Galilee Basin near Longreach in Queensland. It also has gas exploration activities in the USA and Chile.

Galilee’s gas operation results

The gas producer reported positive pilot water production results, pumping out 19,000 barrels of water per day at its 100% owned Glenaras multi-well pilot project.

Galilee is utilising a pump enhancement workover programme (PEP) to increase water production. Although it’s still not 100% operational, it’s already reportedly increased the water rate by 30%. The PEP works by installing larger capacity well pumps, among other improvements.

The company says that despite the “early stage of production optimisation”, its aggregate natural gas rate from the Glenaras pilot program is increasing and is currently at over 60 thousand standard cubic feet per day. This is a 20% increase in production over the last reporting period for the program.

Galilee pumping the gas

Today’s report is a welcome update for investors and the Galilee share price. The company has been working ahead of schedule after its shares fell last month on news that these pump update works would shut down its well operations until mid-May.

Galilee also noted that gas production is now underway across three different vertical wells. The company noted that these results were all “encouraging given that not all wells are fully commissioned or at maximum drawdown yet.”

Galilee is now planning to steadily increase its pumping rates at all six vertical wells in the Glenaras project to maximise drawdown rates.

The company says its second pivot irrigation system, “an important component of the requisite water handling capacity”, has also been successfully commissioned and is now fully operational.

Galilee share price snapshot

The Galilee share price boomed a whopping 50% on its last positive Glenaras gas project update on 26 March.

The company has been a solid gainer over the past 12 months. However, despite the Coalition government’s promise of a gas-led economic recovery, the Galilee share price is still well down on its 2019 highs of over $1.25 per share.

More reading

• What’s going on with the Galilee Energy (ASX:GLL) share price?

Motley Fool contributor Lucas Radbourne-Pugh has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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There are a handful of high-growth, quality exchange-traded funds (ETFs) that could be worth looking into.

ETFs that have a significant weighting to certain industries have the ability to generate stronger returns for investors.

These two in-particular could be good options to think about:

Betashares Nasdaq 100 ETF (ASX: NDQ)

This ETF is about investing in 100 of the largest non-financial businesses listed on the NASDAQ in the US. Many of these businesses are the ones at the forefront of the new economy.

What’s the benefit of this investment? BetaShares explains that with its strong focus on technology, the Betashares Nasdaq 100 ETF provides diversified exposure to a high-growth potential sector that is under-represented in the ASX share market.

The types of major businesses you get exposure to with this ETF includes: Apple, Microsoft, Amazon, Tesla, Alphabet, Facebook, Nvidia and PayPal.

All of the above names are global earners and are usually among the strongest in the world in their respective operating divisions.

However, there’s more to the 100 names than just those huge tech names. These smaller businesses are also global leaders such as Adobe, Cisco Systems, Netflix, Broadcom, Costco, Texas Instruments, Qualcomm, Intuit, Intuitive Surgical and Advanced Micro Devices.

It has an annual management fee of 0.48% and no performance fees, which is attractive for the strength of the portfolio that it provides and the net returns it has been generating. Since inception in May 2015, Betashares Nasdaq 100 ETF has made net returns of 21.6% per annum.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

This ETF gives investors concentrated exposure to some of the world’s leading video gaming business. The gaming world has been generating long-term growth and this has sent the share prices of many of the constituents of this ETF to higher levels.

The video gaming sector has seen an average annual growth rate of 12% since 2015, whilst e-sports revenue has grown by an average of 28% per year since 2015.

As VenEck points out, the social ecosystem around video gaming illustrates demand for online interactive entertainment.

The average age of e-sports enthusiasts is under 30, which suggests there’s scope for a bigger audience. E-sports has created new potential revenue streams including game publisher fees, media rights, merchandise, ticket sales and advertising.

There’s a total of 25 businesses in this ETF’s portfolio. The biggest 10 positions account for over 60% of the portfolio, those names include: Nvidia, Tencent, Sea, Advanced Micro Devices, Nintendo, Activision Blizzard, Netease, Electronic Arts, BiliBili and Nexon.

The US may have a fairly large allocation at 38.6% of the portfolio, but there’s also a heavy Asian influence as well. Japan (20.6%), China (18.5%), Singapore (7.2%) and South Korea (5%) are the next countries with the biggest allocations.

The index that this ETF aims to track has been performing very well – over the last three years it has returned an average of 32.4% per annum.

More reading

• 2 outstanding ETFs for ASX investors to buy
• This ASX tech ETF might be in the buy zone today. Here’s why
• a2 Milk and Zip were among the most traded ASX shares last week
• 2 ASX tech shares to buy in May 2021
• 3 high quality ETFs for ASX investors in May

Tristan Harrison 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 has recommended BETANASDAQ ETF UNITS and 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.

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