The Myer Holdings Ltd (ASX: MYR) share price is pushing higher on Thursday.

At the time of writing, the department store operator’s shares are up 5.5% to 84 cents.

This follows the release of the company’s half-year results.

Myer share price higher despite profit decline

• Total sales down 3% to $1,829.1 million
• Cost of doing business up 1.6% to $449.4 million
• EBITDA down 10.4% to $215.7 million
• Net profit after tax down 19.9% to $52 million
• Fully franked interim dividend of 3 cents per share

What happened during the half?

For the six months ended 27 January, Myer reported a 3% decline in sales to $1,829.1 million.

This was driven largely by store closures, which offset a 0.1% increase in comparable sales growth and a 2% lift in online sales to $390.1 million. The latter now represents 21.3% of total sales, which is up from 20.3% a year earlier.

The biggest disappointment for investors will no doubt be its profits. Myer’s EBITDA was down 10.4% to $215.7 million and its net profit after tax dropped 19.9% to $52 million.

This led to the company’s board cutting its fully franked interim dividend by 25% to 3 cents per share.

Management commentary

Myer’s CEO, John King, was pleased with the half given the macroeconomic challenges. He said:

The Customer First Plan continues to deliver for Myer despite the macro economic conditions. We were able to achieve a strong comparable sales outcome, cycling our best ever 1st half sales on record in FY2023 and saw improvements in our market share across both stores and online.

Our underlying profit result has remained robust despite the impacts from our Brisbane Store closure and increased promotional cadence. The ramp up of our new National Distribution Centre in Q4, continued roll out of new shopping experiences and brands, tight inventory management and continued focus on newness in 2H, will help with momentum into the second half.

Board changes

It has been revealed that John King will be stepping down from the role as CEO in the coming months and incumbent chair, Ari Mervis, will exit with immediate effect.

The Myer board has appointed independent non-executive director, Olivia Wirth, as its executive chair to drive the company’s next phase of growth.

Myer’s executive general manager of stores, Tony Sutton, has been promoted to the new executive position of chief operating officer, reporting to Ms Wirth.

Its current independent non-executive director, Dr Gary Weiss AM, will become deputy chair and lead independent director.

Outlook

During the first six weeks of the second half, department store comparable sales are up 4.9% over the corresponding period.

Outgoing CEO, John King, said:

Like all retailers, we continue to remain cautious about the macro-economic environment, however, we are encouraged with our results for the first six weeks of 2H, and have a strong program of deliverables to roll out during the half as part of our Customer First Plan.

In other news, the company is looking at potentially offloading its sass & bide, Marcs, and David Lawrence businesses. It has appointed advisors to commence a strategic review.

The Myer share price remains down almost 20% over the last 12 months.

The post Myer share price charges higher on half-year results and major board changes appeared first on The Motley Fool Australia.

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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 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 Scott Phillips.

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Westpac Banking Corp (ASX: WBC) shares are in the headlines today on speculation that the ASX bank share’s current CEO, Peter King, may be on the way out this year.

Peter King was appointed as the Westpac CEO in April 2020 after holding the role on an acting basis between December 2019 and March 2020. He joined Westpac in 1994 after holding various roles, including chief financial officer.

Is Peter King leaving?

According to reporting by The Australian, Westpac is actively looking to replace Peter King by the end of the year.

In recent meetings with the new chair Steven Gregg, a few investors and analysts were told that Westpac is searching for a new boss, The Australian‘s sources said.

While a change was expected to happen eventually, the speed of the shift may surprise some investors.

Up until now, Westpac hasn’t publicly acknowledged it’s looking for a new CEO, though in July it did suggest a change may occur within a few years. When contacted by The Australian, a spokesman for the bank reportedly declined to comment.

Has the Westpac share price done well?

Thanks to the recent rally of the Westpac share price, it’s up more than 10% since King became the acting CEO. But, it has risen more than 70% since Peter King was appointed as the official CEO.

The recent FY24 first quarter was not exactly inspiring, with the core net interest margin (NIM) of 1.80% falling 4 basis points (0.04%) compared to the second half of FY23.

The underlying net profit after tax (NPAT), which excludes notable items, was $1.8 billion and it was flat compared to the quarterly average of the FY23 second half. The actual net profit was $1.5 billion, down 6% on the FY23 second-half quarterly average.

Time will tell how the bank performs in this rising-arrear environment and what a new CEO can bring to the table.

Westpac share price snapshot

Since the start of 2024, the Westpac share price is up close to 20%.

The post Own Westpac shares? The bank may be looking for a new CEO appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. 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 Scott Phillips.

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It has been a great time to be an investor in the ASX share market. Lots of businesses have seen their share prices climb – I think there are some that can keep rising and outperforming.

ASX shares that are delivering good underlying operational growth are appealing to me because I think they can keep driving shareholder value higher.

Despite their recent strong performance, I rate the ASX shares below as buys.

Tuas Ltd (ASX: TUA)

The Tuas share price has climbed 82% in the last six months.

The Asian ASX telco share is making great progress – in FY23 it generated $86.1 million of revenue and $31.1 million of earnings before interest, tax, depreciation and amortisation (EBITDA). Then, in the first quarter of FY24, it made $26.7 million of revenue and $11 million of EBITDA.

If we annualise those quarterly numbers, it’s already on track to deliver good growth compared to FY23.

But, I don’t think it’s finished growing – the business reported ongoing active services growth – it has added more than 50,000 active services each quarter in the last three quarters. The average revenue per user (ARPU) keeps growing too – FY23 ARPU was $9.37, while the FY24 first quarter ARPU was $9.53.

If users, ARPU and profitability keep growing, I think the ASX share has a very promising future. Growth into other Asian countries is also a possibility, in my mind.

Nick Scali Limited (ASX: NCK)

Nick Scali is a growing furniture retailer, which operates both the Nick Scali business and Plush. The Nick Scali share price is up 33% from 1 December 2023 as it recovers from investor pessimism about retail spending and the economy due to the cost of living.

But, things are looking more positive for the company with the economy remaining resilient and demand holding up. In its HY24 result, the company reported that written sales orders of $58.9 million were up 3.6% compared to January 2023.

It has a promising future with its ongoing store rollout for both of its businesses in Australia and New Zealand. Online sales growth is also promising because of the high potential profit margin.

Nick Scali normally has a generous dividend yield, which can add to the potential returns.

GQG Partners Inc (ASX: GQG)

GQG is a large and growing fund manager that offers investors a few different investment strategies, including US shares, global shares, international shares and emerging market shares. The GQG share price is up around 40% in six months.

It has done an impressive job of outperforming its global benchmarks over the long term with its investment funds, which are attracting net funds under management (FUM) inflows every month.

In the ASX share’s update for February 2024, GQG revealed its FUM had grown to US$137.5 billion, up from US$127 billion at January 2024. For the year to date, meaning the first two months of 2024, it saw US$3 billion of net inflows.

If FUM keeps rising, then growing revenue and profit can keep powering the business higher, in my opinion.

The post I think they can! 3 ASX shares that can keep chugging higher appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Nick Scali. 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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The Arafura Rare Earths Ltd (ASX: ARU) share price is expected to be out of action on Thursday.

That’s because yesterday the rare earths developer requested a trading halt until the market open on Friday.

Why is the Arafura share price halted?

The company requested the trading halt so that it could prepare an announcement relating to debt funding for the Nolans Project in the Northern Territory. Its request states:

The Company is seeking a trading halt pending an announcement to the market regarding debt financing support; b) The Company requests the trading halt remain in place until the earlier of the Company releasing an announcement in relation to debt financing support or the commencement of trading on Friday 15 March 2024.

What’s going on?

While the details of the debt funding have not been released to the market yet, there are reports claiming that Arafura is about to get a huge cash injection from the government.

According to the AFR, the Albanese government is expected to announce an $840 million package of loans and grants to support the development of the Nolans Project.

This will be the Labor government’s largest single financial commitment in the critical minerals sector and brings taxpayers’ exposure to rare earths mining and processing to over $2 billion. Previously the government has supported the development of the Eneabba project owned by Iluka Resources Limited (ASX: ILU) in Western Australia.

Arafura’s funding reportedly includes approximately $495 million in loans from the Critical Minerals Facility, $200 million from the revamped Northern Australia Infrastructure Facility, and upwards of $115 million in federal export financing.

Prime Minister, Anthony Albanese, is quoted saying:

This will create local jobs and economic opportunities, helping Australian and Territory companies and workers capture more value from the game-changing critical minerals deposits we have here.

The Arafura share price is down 72% over the last 12 months.

The post Arafura share price halted ahead of blockbuster funding news appeared first on The Motley Fool Australia.

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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 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 Scott Phillips.

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Liontown Resources Ltd (ASX: LTR) shares were on form on Wednesday.

The lithium developer’s shares were up as much as 18% at one stage before ending the day with a 6% gain to $1.40.

Investors were buying the company’s shares after it entered into a $550 million debt facility agreement.

These funds will be used to ensure the Kathleen Valley Lithium Project is funded through to its first production and the ramp-up to the company’s three million tonnes per year base case.

Can Liontown shares keep rising?

One leading broker that believes the worst is over for the company is Wilsons.

In response to its debt funding news, the broker upgraded Liontown’s shares to an overweight rating. It also lifted its price target massively to $1.85 from 85 cents.

Based on where its shares ended yesterday’s session, this implies potential upside of 32% for investors.

The broker believes that this agreement means that the company is now fully funded through to positive cash flow in early 2025.

It also highlights that “now that funding has been finalized, another major de-risking hurdle has been cleared on that way to commissioning.”

Sitting on the fence

One broker that doesn’t think investors should jump in just yet is Goldman Sachs.

This morning, the broker responded to the news by retaining its neutral rating and $1.45 price target on its shares. This is largely in line with where they trade today.

Though, it agrees with the view that Liontown will be generating positive free cash flow next year. Goldman said:

We forecast Kathleen Valley turning FCF positive from mid-CY25 on our spodumene price forecast, which we expect to support any refinancing of the debt if not already agreed prior, where LTR is continuing to explore options for a longer-term funding solution in parallel to provide future flexibility and optionality beyond the 3Mtpa base case.

The post Could Liontown shares really rally another 32%? appeared first on The Motley Fool Australia.

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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 Goldman Sachs Group. 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 Scott Phillips.

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Are you searching for ASX dividend shares to buy?

If you are then you may want to check out these two listed below that analysts think are best buys at present.

Here’s what they are saying about them:

Healthco Healthcare and Wellness REIT (ASX: HCW)

The team at Bell Potter has this healthcare and wellness focused property company on its preferred list. It has a buy rating and $1.70 price target on the ASX dividend share.

The broker likes the company due its attractive valuation and huge addressable market. It said:

HCW has underperformed the REIT sector last 3 months (-10% vs. +22% XPJ) following bond yield reversion and is attractively priced at 20% discount to NTA (but only REIT to record flat to positive valuation movement at 1H24) with double digit 3 year EPS CAGR given high relative sector debt hedging and ability to grow its $1bn development pipeline via attractive YoC spread to marginal cost of debt. Longer term, HCW has significant scope for growth with an estimated $218 billion addressable market where an ageing and growing population should underpin long-term sector demand.

Bell Potter is forecasting dividends per share of 8 cents in FY 2024 and 8.3 cents in FY 2025. This equates to dividend yields of 5.6% and 5.8%, respectively.

QBE Insurance Group Ltd (ASX: QBE)

Morgans has insurance giant QBE on its best ideas list with an add rating and $17.96 price target on its shares.

The broker is feeling positive about the company due to rate increases and cost reductions. It said:

With strong rate increases still flowing through QBE’s insurance book, and further cost-out benefits to come, we expect QBE’s earnings profile to improve strongly over the next few years. The stock also has a robust balance sheet and remains relatively inexpensive overall trading on 8x FY24F PE.

Morgans expects this to underpin partially franked dividends of 99 cents per share in FY 2024 and 108 cents per share in FY 2025. This equates to yields of 5.7% and 6.2%, respectively.

The post Analysts say these ASX dividend shares are strong buys appeared first on The Motley Fool Australia.

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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 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 Scott Phillips.

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The Vanguard Australian Property Securities Index ETF (ASX: VAP) has a number of appealing qualities as an exchange-traded fund (ETF). But, is it a good buy today?

For readers who don’t know, Vanguard is one of the world’s largest fund managers, with several trillion (US) dollars under management. An ETF allows us to buy a basket of shares (or other assets) in a single investment.

The VAP ETF looks to invest in property businesses within the S&P/ASX 300 Index (ASX: XKO). Let’s look at some of the positives.

Diversification

There are many different types of commercial property including industrial, office, retail, healthcare and social, storage units, farmland and hotels.

Within the VAP ETF are a total of 33 different ASX shares, with each of these businesses owning a property portfolio.

Looking at the holdings, these are some of the biggest positions: Goodman Group (ASX: GMG), Scentre Group (ASX: SCG), Stockland Corporation Ltd (ASX: SGP), GPT Group (ASX: GPT), Mirvac Group (ASX: MGR), Dexus (ASX: DXS), Vicinity Centres (ASX: VCX), Charter Hall Group (ASX: CHC) and National Storage REIT (ASX: NSR).

Vanguard said around a third of the VAP ETF is allocated to industrial real estate investment trusts (REITs), just over a quarter is focused on ‘diversified’ REITs and retail REITs make up another quarter. The other types of REITs account for the rest of the portfolio.

Low management fees

One of the most attractive elements of investing in a Vanguard ETF is the low management fee, which helps reduce leakage of the portfolio’s value. Some active managers can charge a lot more, putting a dent in the wealth-building efforts.

While it’s not the cheapest Vanguard ETF around, the VAP ETF does have a low annual cost of 0.23%.

Good tailwinds

Vanguard Australian Property Securities Index ETF is invested in a range of businesses that have appealing tailwinds.

Australia’s population continues to grow, which means more potential customers at shopping centres, and it creates indirect demand for more logistics.

More people in the country require more housing, which is good for businesses like Mirvac and Stockland. There should also be more overall demand for storage units, farmland, healthcare, and so on.

Interest rates are currently high, which is painful for the cost of debt, and has caused a share price decline for a number of the names within the VAP ETF portfolio. However, if/when interest rate cuts do occur, that could prove to be a catalyst for share prices to go higher.

Foolish takeaway

The VAP ETF is a great way to invest in the Australian commercial property market if you want exposure to the whole sector, or if you’re not sure which name(s) you want to own.

It has a decent record of producing returns – the total return over the past decade has been an average of 9.3%, with passive income making up a significant part of that return.

However, I’d suggest this isn’t likely to be the sort of investment that achieves a high rate of compounding capital returns.

In my eyes, there are other ASX shares that could deliver stronger growth. Rental growth is normally fairly low, while some companies can be capable of quick national (or global) expansion.

The post Is the Vanguard Australian Property Securities Index ETF (VAP) a good investment? appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison 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 Goodman Group. The Motley Fool Australia has recommended Goodman Group. 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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Mining giants BHP Group Ltd (ASX: BHP), Fortescue Ltd (ASX: FMG), and Rio Tinto Ltd (ASX: RIO) have come under pressure this month after the iron ore price tumbled.

This weakness continued overnight and saw the benchmark iron ore price fall a further 3.6% to US$105.35 a tonne.

This is down materially from around US$140 a tonne at the end of 2023, and has been driven by concerns over demand from China.

But what is next for the steel-making ingredient? Is this just a temporary blip or the start of greater declines?

Let’s take a look what the commodities team at Goldman Sachs is expecting for the iron ore price in the coming years.

Iron ore price forecast

Firstly, let’s start with a quarterly view on prices during 2024.

Goldman has been expecting a pullback in prices, but the speed of recent declines appears to have caught it by surprise. It is expecting the following average prices for 2024:

• Q1 US$120 a tonne
• Q2 US$115 a tonne
• Q3 US$105 a tonne
• Q4 US$100 a tonne

This leads to an average price of US$110 a tonne for 2024.

Weakness to continue

The broker expects the trend to continue in the years to come.

As a result, it is forecasting an average benchmark iron ore price of US$95 a tonne in 2025.

After which, it expects further softening to an average of US$93 a tonne in 2026.

Finally, the following year the broker expects a slightly weaker average price of US$92 a tonne in 2027 for the benchmark price.

What about Fortescue’s low grade iron ore?

The bad news for Fortescue is that the broker believes that the discount will widen on its low grade iron ore in the coming years.

And given how much the miner is planning to spend on its decarbonisation plans, this could have consequences for its free cash flow and ultimately its dividends.

Goldman expects Fortescue’s discount to the benchmark price to be 89% in 2024, 86% in 2025, and 83% in 2026 and 2027.

Should you buy these miners?

Despite forecasting these iron ore price declines, Goldman Sachs remains positive on BHP and Rio Tinto.

It currently has buy ratings on both mining shares with price targets of $49.40 and $138.30, respectively.

The post Here’s the iron ore price forecast through to 2027 appeared first on The Motley Fool Australia.

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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 Goldman Sachs Group. 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 Scott Phillips.

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On Wednesday, the S&P/ASX 200 Index (ASX: XJO) was on form and recorded a small gain. The benchmark index rose 0.2% to 7,729.4 points.

Will the market be able to build on this on Thursday? Here are five things to watch:

ASX 200 expected to rise again

The Australian share market looks for a positive session on Thursday despite a mixed night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 37 points or 0.5% higher this morning. In late trade on Wall Street, the Dow Jones is up 0.1%, but the S&P 500 has fallen 0.25% and the Nasdaq is down 0.55%.

Oil prices rise

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) could have a good session after oil prices stormed higher overnight. According to Bloomberg, the WTI crude oil price is up 2.9% to US$79.81 a barrel and the Brent crude oil price is up 2.7% to US$84.13 a barrel. Oil prices rose after Ukraine hit Russian oil refineries.

Sell Core Lithium shares

Core Lithium Ltd (ASX: CXO) shares are a sell according to Goldman Sachs. This morning, the broker has retained its sell rating on the lithium miner’s shares with a trimmed price target of 13 cents. This follows the release of the company’s half-year results. It said: “We note that with the mining contract terminated and notice given on the processing contract, we expect that a near-term restart of the Finniss operation is increasingly unlikely.”

Gold price rebounds

ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a good session after the gold price rebounded overnight. According to CNBC, the spot gold price is up 0.6% to US$2,179 an ounce. A softer US dollar boosted the precious metal.

ASX 200 shares going ex-dividend

Another group of ASX 200 shares will be going ex-dividend this morning and could trade lower. This includes appliance manufacturer Breville Group Ltd (ASX: BRG), auto retailer Eagers Automotive Ltd (ASX: APE), poultry producer Inghams Group Ltd (ASX: ING), and telco TPG Telecom Ltd (ASX: TPG).

The post 5 things to watch on the ASX 200 on Thursday appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why Core Lithium, Jupiter Mines, Newmont, and Perpetual shares are dropping today
• At $29, I think the Woodside share price could be 20% undervalued!
• Core Lithium shares crash 9% after posting massive half-year loss
• 5 things to watch on the ASX 200 on Wednesday

Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has recommended Eagers Automotive Ltd. 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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I love investing in exchange-traded funds (ETFs). ASX ETFs give us an easy way to gain exposure to an entire index, such as the S&P/ASX 200 Index (ASX: XJO), for one. But they can also provide easy access to sectors or entire markets that are difficult or impossible to invest in directly on the ASX.

I already invested in quite a few ASX ETFs. The Vanguard Australian Share Index ETF (ASX: VAS) is a core component of my portfolio. As is its bolt-on companion, the Vanguard MSCI Australian Small Companies Index ETF (ASX: VSO).

I also invest in more actively managed ETFs like the VanEck Morningstar Wide Moat ETF (ASX: MOAT) for a shot at some market-beating returns.

But there’s one ASX ETF out there that I still don’t own in my portfolio. My regret over this fact grows by the day.

It’s the BetaShares Global Cybersecurity ETF (ASX: HACK). This ASX ETF does pretty much what it says on the tin. It offers investors access to a portfolio of companies from around the world that are all major players in the cybersecurity industry.

The Betashares Global Cybersecurity ETF does pull companies from many different markets. Saying that though, the vast majority of its holdings (79.8% at the last count) are US-based stocks.

They include names like Broadcom, Crowdstrike Holdings, Palo Alto Networks, Fortinet, Okta and Juniper Networks.

Apart from having one of the best ticker codes on the ASX, why should I want to add this ETF to my own portfolio?

Why would I want to HACK my portfolio with this ASX ETF?

Well, there are two factors worth discussing here.

The first is the growing importance of cybersecurity to most facets of modern life. Every few months, it seems like we’re reminded of this fact. Major government departments, as well as multiple prominent ASX shares, have been hit by cyberattacks in recent years. Just one successful cyberattack is enough to severely damage a company’s reputation. Particularly if sensitive customer information is stolen.

As such, it is my belief that individuals, businesses and governments are all going to be prepared to pay more and more for cybersecurity services that keep their online information secure.

The second is this ASX ETF’s past performance.

You should never judge an investment on its past performance alone. However, I think in this case, it quantifies the ever-rising importance of this industry. Over the past five years, HACK units have returned an average of 18.69% per annum (including dividend distributions). Since this ASX ETF’s inception in 2016, that return rises to 19.31% per annum.

I wouldn’t be too surprised if HACK keeps banging out numbers like this going forward. As such, this ETF is one that I’d be more than happy to buy today, and that I hope to add to my portfolio in the near future.

The post This is the next ASX ETF I plan to buy appeared first on The Motley Fool Australia.

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More reading

• 4 ASX ETFs for smart investors
• 2 excellent ASX ETFs to buy for growth
• Here are 3 exciting ASX tech ETFs to buy right now

Motley Fool contributor Sebastian Bowen has positions in VanEck Morningstar Wide Moat ETF, Vanguard Australian Shares Index ETF, and Vanguard Msci Australian Small Companies Index ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended BetaShares Global Cybersecurity ETF, CrowdStrike, Fortinet, Okta, and Palo Alto Networks. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Broadcom. The Motley Fool Australia has positions in and has recommended BetaShares Global Cybersecurity ETF. The Motley Fool Australia has recommended CrowdStrike, Okta, and VanEck 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.

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