Exchange traded funds (ETFs) continue to grow in popularity. And it isn’t hard to see why.

ETFs give investors easy access to a large and diverse number of different shares that they wouldn’t ordinarily have access to. This can be a great way to invest diversely on a limited budget or bolster an already sizeable portfolio.

With that in mind, listed below are two ETFs that could be worth looking at next week:

BetaShares Crypto Innovators ETF (ASX: CRYP)

The first ETF to look at is the BetaShares Crypto Innovators ETF. It could be a good option for investors that are interested in investing in the cryptocurrency industry but aren’t too keen on directly owning coins.

BetaShares notes that the ETF is designed to capture all sides of the crypto ecosystem. This is achieved by providing exposure to pure-play crypto companies, companies with balance sheets that hold at least 75% in crypto-assets, and diversified companies with crypto-focused business lines.

Among its holdings you’ll find Coinbase, PayPal, Riot Blockchain, Robinhood, Silvergate, and Afterpay’s new owner, Block. Given the nature of the industry, an investment in this ETF is not likely to be one for the fainthearted.

Vanguard MSCI Index International Shares ETF (ASX: VGS)

Another ETF for investors to look at next week is the Vanguard MSCI Index International Shares ETF.

It is one of the most popular ETFs on the Australian share market and it isn’t surprising that this is the case. This is because the Vanguard MSCI Index International Shares ETF provides investors with exposure to over 1,500 of the world’s largest listed companies through just a single investment.

The types of companies you’ll be owning a slice of with this ETF include giants such as Apple, Johnson & Johnson, Nestle, Procter & Gamble, and Visa.

The post Here are 2 top ETFs for ASX investors next week appeared first on The Motley Fool Australia.

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• How is the Vanguard International Shares ETF (ASX:VGS) performing in the 2022 volatility?
• 3 ETFs for ASX investors to check out next week
• 3 highly rated ETFs for ASX investors to check out this week
• 3 exciting ETFs ASX investors need to know now
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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. owns and has recommended Betashares Crypto Innovators ETF and Vanguard MSCI Index International Shares ETF. The Motley Fool Australia has recommended Vanguard MSCI Index International Shares 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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Any ASX investor that has been paying attention to the markets in 2022 would know that it’s been a bumpy ride for most ASX shares. Some shares have weathered the storms better than others. But there remain some companies that have seen substantial haircuts to their valuations over both 2022, and, by extension, the past 12 months. Some of the hardest-hit shares have been those which investors typically categorise as ‘growth shares‘. 

ASX growth shares are often smaller, faster-growing companies that perhaps trade with high price-to-earnings (P/E) multiples. Or perhaps are even not profitable yet. Investors tend to get excited about these types of shares when the sun is shining, but quickly abandon them for safer harbours when storm clouds appear on the proverbial investing horizon. 

So let’s look at three such shares that remain down more than 50% over the past year. 

3 ASX growth shares down more than 50% in a year

Zip Co Ltd (ASX: Z1P)

Zip was promoted to the ASX’s largest buy now, pay later (BNPL) company early this year when former ASX growth share Afterpay was swallowed by Block Inc (ASX: SQ2). But if investors thought that this promotion would bode well for the Zip share price, they were to be very disappointed.

Zip has had a dreadful 12 months, whatever way you spin it. The BNPL company remains down almost 65% in 2022 alone, and by a depressing 80% or so over the past 12 months. That’s despite Zip managing to report some very high growth numbers in its most recent earnings report, despite a bottom-line loss.

Appen Ltd (ASX: APX)

Appen is another ASX growth share that has had a rough trot in recent months. This annotated dataset company is down a nasty 37.3% in 2022 thus far, and an even nastier 60.1% over the past 12 months. Appen was a company once venerated by ASX growth investors, even making the cut as a WAAAX share.                  

Its future-facing business model got investors hot under the collar a few years ago, and Appen saw its share price explode by 260% between August 2018 and August 2020. However, the sentiment has significantly cooled since then as Appen failed to meet investors’ growth expectations. Its last earnings report wasn’t well received by investors when the company reported a near-20% fall in after-tax profits. 

Kogan.com Ltd (ASX: KGN)

E-commerce share Kogan rounds out our ASX growth shares list today. Like the other two shares on this list, the Kogan share price has been decimated over the past 12 months. At the latest pricing, Kogan has lost more than 35% in 2022 thus far. As well as a sobering 58.2% over the past year. Kogan was in many ways a ‘pandemic winner’. The lockdowns of 2020 and 2021 saw huge boosts to Kogan’s business, which saw higher customer numbers and revenues. 

However, as the country and world has slowly returned to what you could call normal, Kogan saw its fortunes cool. Its most recent earnings report saw a slight increase in revenues and customers. But large falls in adjusted profits and earnings. Investors haven’t taken kindly to this, and have continued to keep the Kogan share price depressed. 

The post 3 ASX growth shares down more than 50% in a year appeared first on The Motley Fool Australia.

More reading

• Do Zip shares pay dividends?
• The Zip share price is down 7%, close to March 2020 lows
• Why Aurelia Metals, Janus Henderson, ResMed, and Zip shares are dropping
• Is the Appen (ASX:APX) share price on the comeback trail?
• ASX 200 (ASX:XJO) midday update: Brickworks impresses, Uniti confirms takeover approach

Motley Fool contributor Sebastian Bowen owns Kogan.com ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Appen Ltd, Block, Inc., Kogan.com ltd, and ZIPCOLTD FPO. The Motley Fool Australia owns and has recommended Block, Inc. and Kogan.com ltd. 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 interested in bolstering your income portfolio with some new dividend shares, then the two listed below could be worth considering next week.

Here’s what analysts are saying about these dividend shares right now:

Baby Bunting Group Ltd (ASX: BBN)

The first ASX dividend share to consider is baby products retailer, Baby Bunting.

Over the last decade, the company has carved out a leadership position in a niche but lucrative market with its collection of 60 national superstores across Australia.

But while this is a large number of stores, the team at Citi sees scope for its network to increase materially in the coming years.

Citi commented: “We reiterate our Buy rating and see the company having a range of multi-year growth strategies including rollout (target of 110+ stores, with 68 expected by end of FY22e), exclusive/private label growth and supply chain efficiencies.”

The broker currently has a buy rating and $6.11 price target on its shares. As for dividends, Citi has pencilled in fully franked dividends per share of 16 cents in FY 2022 and 20 cents in FY 2023. Based on the current Baby Bunting share price of $4.86, this will mean yields of 3.3% and 4.1%, respectively.

Westpac Banking Corp (ASX: WBC)

Another dividend share that is highly rated is Australia’s oldest bank, Westpac.

It could be a quality option for investors that don’t have exposure to the banking sector. This is due to its strong market position and attractive valuation in comparison to the rest of the big four.

Morgans remains a big fan of the banking giant despite the margin pressures it has been facing. It also believes the bank can deliver on its bold cost cutting targets, which would bode well for its earnings in the coming years.

Its analysts commented: “WBC is our preferred major bank. We believe WBC offers the most compelling valuation of the major banks. In terms of quality of overall risk profile, we believe WBC is a close second to CBA. On credit risk, we believe WBC is positioned relatively defensively due to its loan book being more skewed to Australian home lending.”

Morgans has an add rating and $29.50 price target on the bank’s shares. As for dividends, the broker has pencilled in fully franked dividends per share of $1.19 in FY 2022 and $1.60 in FY 2023. Based on the latest Westpac share price of $23.75, this will mean yields of 5% and 6.7%, respectively.

The post Why analysts rate Westpac and this ASX dividend share as buys appeared first on The Motley Fool Australia.

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• Why are ASX 200 bank shares underperforming on Thursday?
• NAB, ANZ and CBA shares in focus as top broker tips extra $5b share buyback
• Here’s what $10,000 worth of Westpac (ASX:WBC) shares bought 10 years ago looks like today
• Analysts name 2 ASX dividend shares to buy right now
• 25% upside and healthy yield: Why this broker is bullish on the Westpac share price

Motley Fool contributor James Mickleboro owns Westpac Banking Corporation. 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 Baby Bunting and Westpac Banking Corporation. 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 S&P/ASX 200 Index (ASX: XJO) was on form again last week. Over the period, the benchmark index rose a sizeable 1.5% to finish the week at 7,406.2 points.

While a good number of shares climbed higher with the market, some climbed more than most. Here’s why these were the best performers on the ASX 200 last week:

EML Payments Ltd (ASX: EML)

The EML share price was the best performer on the ASX 200 last week with a 17.5% gain. This appears to have been driven by improving sentiment in the tech sector. In addition, the previous week the payments company announced that it has entered the Employee Benefits Market (EBM) in Europe through a multi-year agreement with Up Spain. The EBM is worth over A$88 billion globally.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price wasn’t far behind with a 14.6% gain over the five days. This was despite there being no news out of the lithium miner. However, a good number of lithium shares surged higher last week. This could have been due to a rotation back to risk assets and optimism that sky high oil prices will accelerate the shift to electric vehicles.

IGO Ltd (ASX: IGO)

The IGO share price was a strong performer and stormed 13.8% higher over the period. The buying pressure was so strong that the battery metals producer’s shares hit a record high at one stage. On Thursday the nickel price continued its wild ride and jumped 15% to hit its limit on the LME.

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price was on form and climbed 12.3% last week. This latest gain means the coal miner’s shares are now up over 150% since this time last year. While there was no news out of Whitehaven Coal, industry peer New Hope Corporation Limited (ASX: NHC) released its half year results and impressed the market with a 582% increase in underlying EBITDA to $554.4 million.

The post These were the best performing ASX 200 shares last week appeared first on The Motley Fool Australia.

More reading

• These were the worst performing ASX 200 shares last week
• The IGO (ASX:IGO) share price hit a new all-time high today. Could this be why?
• These 3 ASX 200 shares are topping the volume charts this Friday
• Why this fundie is steering clear of ASX mining shares
• Why is the EML Payments (ASX:EML) share price being shorted so much lately?

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 and has recommended EML Payments. The Motley Fool Australia owns and has recommended EML Payments. 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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S&P/ASX 200 Index (ASX: XJO) tech shares have been widely battered in 2022.

The ASX 200 itself has come under pressure amid the spectre of fast rising interest rates and following on from Russia’s invasion of Ukraine. Both of these factors have contributed to the 2.4% year-to-date loss for the benchmark index.

But tech shares, broadly, have done it much tougher.

Witness the 18.3% year-to-date drop in the S&P/ASX All Technology Index (ASX: XTX), which also contains tech shares outside of the ASX 200.

Ouch.

So, is it time to go fishing for bargains?

Only with due caution, according to Jessica Amir, Australian market strategist at Saxo Markets.

And make sure they’ve got the requisite ‘secret sauce’.

The secret sauce for share price growth

Amir notes that fundamentals indicate the market is pricing in that the ASX 200 will rise in 2022. That’s largely based on earnings per share (EPS) growth forecasts.

According to Amir, “The market thinks EPS growth of 17% will come. The ASX energy sector itself it touted to generate 61% EPS growth over 12 months, and the mining sector 33% EPS growth.”

With commodity shares comprising 30% of the index, Amir said the market expectations are “quite feasible”.

As for ASX tech shares, Amir said:

The market (consensus) expects the Australian tech sector to generate 860% EPS growth. Wow. We think that is not realistic for the tech sector and advocate for selective buying into tech. If you do buy into tech, consider profitable stocks, those with dominant/growing market share and those that are growing their earnings. That’s the secret sauce for share price growth.

The catch, however, is that most of ASX 200 tech shares don’t make profits.

ASX 200 tech shares making profits

Amir did single out a few companies that are profitable, including WiseTech Global Ltd (ASX: WTC) and the Xero Limited (ASX: XRO).

WiseTech is a global provider of cloud-based software solutions for the logistics sector. While Xero provides business and accounting software.

While they may be amongst the few currently profitable ASX 200 tech shares, that hasn’t spared shareholders some significant losses in 2022.

Year-to-date the WiseTech share price is down 14.6% while Xero shares have lost 29.5%.

The post Is this the ‘secret sauce’ for ASX 200 tech share price growth? appeared first on The Motley Fool Australia.

More reading

• 3 ASX tech shares worth buying now to hold for years
• 3 beaten-down technology ASX shares to buy right now: expert
• Analysts name 2 ASX growth shares to buy
• Is the Xero (ASX:XRO) share price on the way back up to its January highs?
• Are these 2 ASX tech shares excellent buys right now?

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended WiseTech Global and Xero. The Motley Fool Australia owns and has recommended WiseTech Global and Xero. 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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Last week, the S&P/ASX 200 Index (ASX: XJO) was on form again and charged higher. The benchmark index rose an impressive 1.5% over the five days to finish the period at 7,406.2 points.

Unfortunately, not all shares were able to climb higher with the market. Here’s why these were the worst performers on the ASX 200 last week:

Telix Pharmaceuticals Ltd (ASX: TLX)

The Telix share price was the worst performer on the ASX 200 last week with a 17.6% decline. This was despite the radiopharmaceuticals company revealing that the buildout of its Belgian production facility has begun. To fund the development, the company has secured an $18.2 million loan and applied for $3 million of grants. In other news, Telix issued 1,400,000 shares upon the exercise of unlisted share options. This is the third such issue in the space of four weeks. Given how these were exercisable at a much lower price than the current Telix share price, it’s possible that they were swiftly sold.

Austal Limited (ASX: ASB)

The Austal share price wasn’t far behind with an 11.8% decline over the five days. Investors were selling the shipbuilder’s shares after the Philippines Navy decided to sole-source foreign-built Offshore Patrol Vessels. This was instead of purchasing Austal-built vessels facilitated through a Government Memorandum of Understanding with the Commonwealth of Australia. Austal will now focus on securing orders for commercial ferries for its Philippines shipyard. The company also copped a downgrade from Macquarie late in the week.

Fisher & Paykel Healthcare Corp Ltd (ASX: FPH)

The Fisher & Paykel Healthcare share price was out of form and sank 11.6% last week. This was driven by the release of a trading update out of the medical device company. Fisher & Paykel Healthcare advised that it expects FY 2022 operating revenue in the range of NZ$1.675 billion to NZ$1.70 billion. This represents a 13.7% to 15% year on year decline from NZ$1.97 billion in FY 2021. It also warned that higher freight costs would impact margins.

Magellan Financial Group Ltd (ASX: MFG)

The Magellan share price continued its slide and dropped a further 9.8% last week. Investors were selling the embattled fund manager’s shares after its founder, Hamish Douglass, resigned as a director with immediate effect. Douglass took indefinite leave from the role as chairman last month following a period of intense pressure and focus on both his professional and personal life. This may be being interpreted as a sign that he won’t be coming back.

The post These were the worst performing ASX 200 shares last week appeared first on The Motley Fool Australia.

More reading

• These 3 ASX 200 shares are topping the volume charts this Friday
• Why Atlas Arteria, Core Lithium, Premier, and Telix shares are dropping
• Why this fundie is steering clear of ASX mining shares
• Why is the Telix Pharmaceuticals (ASX:TLX) share price plunging 14%?
• ASX 200 (ASX:XJO) midday update: Premier’s record dividend, BHP upgraded

Motley Fool contributor James Mickleboro owns TELIXPHARM DEF SET. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Austal 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 Origin Energy Ltd (ASX: ORG) share price hit its highest point since the COVID-19 pandemic began on Friday, surging to trade at $6.45.

The last time the energy company’s stock hit such heights was back in March 2020.

As of Friday’s close, the Origin share price had retreated slightly to $6.38 – representing a 1.43% gain for the day and a 7.77% gain for the week.

For context, the S&P/ASX 200 Index (ASX: XJO) and the All Ordinaries Index (ASX: XAO) both finished Friday in the green. They gained 0.26% and 0.27% respectively.

Let’s take a closer look at what might have helped drive the Origin share price on Friday.

What boosted the Origin Energy share price higher today?

The Origin Energy share price spent the day in the green on Friday, alongside many other ASX 200 energy shares.

In fact, the S&P/ASX 200 Energy Index (ASX: XEJ) ended the day 0.89% higher.

That’s despite oil prices easing overnight Thursday and trading relatively flat during Friday’s session.

As of the ASX’s close, the West Texas Intermediate futures were trading lower at US$112.22 per barrel, according to CNBC. Meanwhile, Brent crude oil futures were slightly higher at US$119.13 per barrel.

Natural gas futures weren’t trading any better, having gained just 0.1% when the ASX closed for the week.

Despite the sullen movements, oil stocks Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) and Beach Energy Ltd (ASX: BPT) topped the energy sector on Friday. They gained 2.19% and 1.24% respectively.

Uranium producer Paladin Energy Ltd (ASX: PDN) was the only ASX 200 energy stock to record a loss on Friday. At the final bell of the week, the company’s shares were trading 1.78% lower.

There’s been no news from Origin to explain its share price’s strong recent performance.

However, it updated its net-zero strategy, adding cost-cutting initiatives to the mix, and announced a $250 million buyback earlier this month.

The post Origin Energy (ASX:ORG) share price hits post-COVID high on Friday appeared first on The Motley Fool Australia.

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• ASX 200 (ASX:XJO) midday update: Origin’s $250m buyback, Nickel Mines smashed
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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns and has recommended Washington H. Soul Pattinson and Company Limited. 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 S&P/ASX 200 Index (ASX: XJO) is up 1.4% since 1 July 2021.

Some ASX shares, of course, have done much better, while others have fared worse.

ASX energy shares fall on the better side.

Buoyed by rocketing oil, gas, and coal prices, the S&P/ASX 200 Energy Index (ASX: XEJ) has gained 25% since 1 July.

ASX tech shares have largely gone the other way.

Pressured by rising inflation and the prospect of multiple interest rate rises, the S&P/ASX All Technology Index (ASX: XTX) has dropped around 16% since 1 July.

Where these indexes, and each of the specific ASX shares that make them up, will be come 30 June, the end of this financial year, remains to be seen.

But whether your portfolio is booking a profit or nursing losses, the Australian Taxation Office (ATO) will want to know.

With that in mind, the Motley Fool reached out to Mark Chapman, director of tax communications at H&R Block Australia, for some handy tips on how to sort out your ASX share documentation.

Have your ASX shares paid dividends?

If you’ve invested in ASX shares that have paid out dividends, there are some unique tax implications.

As Chapman explained:

Dividends are paid out of profits which have already been subject to Australian company tax which is currently 30%, or 25% for most small companies. Recognising that it would be unfair if shareholders were taxed again on the same profits, shareholders receive a rebate for the tax paid by the company on profits distributed as dividends.

These dividends are described as being ‘franked’ and have a franking credit (also known as an imputation credit) attached to them representing the tax the company has already paid.

The shareholder who receives a dividend is entitled to a credit for tax the company has paid. If the shareholder’s top tax rate is less than 30% (or 25% where the paying company is a small company), the ATO will, under current rules, refund the difference.

Have you sold ASX shares during the financial year?

When you sell your ASX shares, you normally will have to pay capital gains taxes (CGT) on any profits. Though the ATO has a different set of requirements for investors and traders.

If you’re an investor, Chapman told us, “CGT arises when you sell shares but can also happen if you give them away or you stop being an Australian resident. CGT taxes any increase in value from the time the share was acquired.”

Be aware that if you give shares away or sell them cheaply the ATO may use the market value of the shares instead.

You should also be aware of how long you’ve owned your ASX shares.

“If you have owned the shares for more than 12 months, you can then discount the gain by 50%,” Chapman said. “The resulting figure is your net capital gain. This is subject to tax at your marginal rate.”

If you’re a truly long-term investor and are only now selling ASX shares you bought before 20 September 1985, he added, then any profits will not be subject to CGT.

Are you a share trader?

“If you dabble regularly in buying and selling shares, you could be deemed a share trader, rather than a share investor,” Chapman advised. “If that’s the case, the tax you pay could look very different.”

He said that signs you’re a trader in ASX shares include:

• Lots of transactions
• A clear profit making intent
• You run your activities in a business-like manner (for example a large investment of capital, a well-developed business plan, extensive research and properly maintained books and records).

According to Chapman:

Someone who buys and sells shares as part of a business will treat those shares as trading stock, and gains or losses on them will be taxed as ordinary income (effectively as business profits) rather than capital gains.

The key tax advantage for a trader is that losses can potentially be offset against other income, subject to certain anti-avoidance provisions.

What to do now

With a few months left before the end of the financial year, Chapman said:

Now is a good time to work out if you have a net capital gain from shares you’ve already sold. If so, you should be looking through your portfolio for stocks with losses that you could sell to offset paying tax on the gains.

Also ensure that you have all the required details on any ASX shares you sold during the financial year handy, including brokerage fees.

Chapman said dividends on listed company shares are reported automatically to the ATO after the year-end. However, “Any dividends on private company shares are not reported to the ATO. You will need the dividend certificates to enable you to report them yourself on your tax return.”

And unless you’re a tax whiz, Chapman said: “Tax on shares is complicated, and to avoid ATO penalties and possible audit, it pays to have a good tax accountant.”

The post Investing in ASX shares? Here’s what you need to know come tax time: expert appeared first on The Motley Fool Australia.

More reading

• 3 top ASX ETFs for growth investors
• Why the Piedmont (ASX:PLL) share price rocketed 10% today
• 2 blue chip ASX 200 shares analysts are urging investors to buy
• JB Hi-Fi (ASX:JBH) share price leaps 4% to all-time high
• The IGO (ASX:IGO) share price hit a new all-time high today. Could this be why?

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 Bruce Jackson.

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Are you looking to make some growth-focused additions to your portfolio? If exchange traded funds (ETFs) are of interest to you, then you might want to look at the three listed below.

Here’s what you need to know about them:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The first ETF share to consider is one that gives investors easy exposure to many of the Asian region’s best growth shares. The BetaShares Asia Technology Tigers ETF is home to approximately 50 companies that are leading Asia’s technological revolution. These include Alibaba, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, and WeChat owner Tencent. And while regulatory concerns have been weighing on their shares this year, some analysts believe this has created a buying opportunity.

BetaShares Global Cybersecurity ETF (ASX: HACK)

A second ETF for investors to look at is the BetaShares Global Cybersecurity ETF. This fund provides investors with the opportunity to invest in the growing cybersecurity sector. This means you’ll be investing in companies such as Accenture, Cisco, Cloudflare, Crowdstrike, Fortinet, Okta, Splunk, Zscaler. Given the shift to the cloud and the growing threat of cyberattacks globally, these companies look well-placed to benefit from increasing demand for their services.

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

A final ETF for ASX investors to look at is the VanEck Vectors Video Gaming and eSports ETF. This ETF allows investors to gain easy exposure to a global video game market estimated to comprise 2.7 billion active gamers. Among the companies you’ll be buying are hardware and software companies such as AMD, Electronic Arts, Nintendo, Nvidia, Roblox, and Take-Two. VanEck notes that these companies are well-placed to benefit from the increasing popularity of video games and eSports.

The post 3 top ASX ETFs for growth investors appeared first on The Motley Fool Australia.

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• Potential opportunities: 2 compelling ASX shares
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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. owns and has recommended BETA CYBER ETF UNITS and Vanguard MSCI Index International Shares ETF. The Motley Fool Australia owns and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia has recommended BetaShares Asia Technology Tigers ETF and Vanguard MSCI Index International Shares 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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The Piedmont Lithium Inc (ASX: PLL) share price finished the week in upbeat trading after the company announced an update to the underwritten public offering of its common stock.

At the close of trade on Friday, the Australian lithium miner’s shares were fetching for $1.015 apiece, up 9.73%.

Piedmont closes public offering

Investors were buying up the Piedmont share price today following the company’s capital raising efforts.

In a statement to the ASX, Piedmont advised it has closed the public offering of 2.01 million shares of its common stock. This includes the full exercise of the underwriter’s option to purchase 262,500 Piedmont shares.

The combined total of the gross proceeds from the public offering before underwriting discounts and commission is US$130.8 million.

Once the net proceeds are leftover, Piedmont will use the funds for a number of strategic initiatives. They include:

• Restart operations at the North America Lithium mine in Quebec
• Fund exploration and definitive feasibility studies at Eyowaa in Ghana
• Advance the merchant lithium hydroxide plant in the south-eastern United States
• Continue development activities at the Carolina Lithium Project (engineering design and property acquisition)
• Use remaining funds for general corporate purposes.

For the 1.75 million Piedmont shares offered to the public, this was listed at $65.00 per share.

About the Piedmont share price

Over the past 12 months, the Piedmont share price has wobbled to register a gain of around 5%.

When looking at the year to date, however, the share trajectory paints a different story, up almost 40% for the period.

Based on valuation grounds, Piedmont commands a market capitalisation of roughly $534.78 million.

The post Why the Piedmont (ASX:PLL) share price rocketed 10% today appeared first on The Motley Fool Australia.

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• Why Infomedia, Newcrest, Piedmont Lithium, and Woolworths shares are rising today
• Here’s why the Piedmont Lithium (ASX:PLL) share price is surging 5% today

Motley Fool contributor Aaron Teboneras 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 Bruce Jackson.

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