The team at Betashares has released three new ASX ETFs this week. 

The diversified multi-asset ETFs provide professionally constructed exposure across equities, fixed income, cash and infrastructure. 

The three new funds offer balanced, growth and high-growth risk profiles.

What are diversified ASX ETFs?

ASX ETFs are fast becoming one of the most popular assets for Aussie investors. 

Traditionally, investors used ETFs to track broad indexes like the S&P/ASX 200 Index (ASX: XJO) or the S&P 500 Index (SP: .INX). 

However providers are now developing more sophisticated and thematic options. 

One such sector of ASX ETFs is diversified funds. 

Diversified ETFs have become an increasingly popular route for investors to access professionally constructed portfolios in a single trade. 

By combining multiple asset classes and thousands of underlying securities within one fund, they can offer a simple and scalable alternative to constructing and maintaining a multi-asset portfolio.

In simple terms, it can combine Australian shares, international shares, emerging markets and fixed income, growth etc in one trade. 

Betashares has expanded its Diversified ETF range to provide a simple, low-cost way to implement strategic asset allocation across a range of investor risk profiles.

The three new funds from Betashares

Yesterday, Betashares announced three new diversified funds: 

• Betashares Diversified High Growth ETF (ASX:DVHG) – 90% Growth / 10% Defensive allocation. 
• Betashares Diversified Growth ETF (ASX:DVGR) – 75% Growth / 25% Defensive allocation. 
• Betashares Diversified Balanced ETF (ASX:DVBA) – 60% Growth / 40% Defensive allocation. 

The Funds provide exposure to approximately 2,500 Australian and global companies and 12,000 bonds, with broad diversification across asset classes, regions and sectors. 

According to Betashares, this can reduce the administration associated with managing multiple holdings, while providing either a simple standalone solution or a passive core to which smart beta or active strategies can be added.

The Diversified Balanced ETF leans more heavily into cash and fixed income for their defensive characteristics, while the All Growth ETF invests only in equities, targeting long-term capital appreciation.

All three funds come with a management fee of 0.19% p.a.

More information about the funds can be found here. 

What other diversified ASX ETFs are available?

According to Betashares, Together with the existing Betashares Diversified All Growth ETF (ASX: DHHF), the range now provides investors with diversified portfolio options spanning balanced through to all growth profiles.

For investors looking to compare the new funds with existing ETFs, there are others to consider, including: 

• Vanguard Diversified High Growth Index ETF (ASX: VDHG)
• Vanguard Diversified All Growth Index Etf (ASX: VDAL). 

The post Betashares launches 3 new diversified ASX ETFs appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Bell 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.

If you are in the market for a bargain, then it could be worth hearing what Bell Potter is saying about the beaten-down ASX shares in this article.

Are they cheap buys? Let’s find out:

Austal Ltd (ASX: ASB)

This ASX share is down 46% over the past 12 months. 

Unfortunately, Bell Potter isn’t in a rush to buy the shipbuilder’s shares after this decline. In response to its results, the broker has retained its hold rating with a trimmed price target of $4.70. It explains:

Hanwha’s knowledge of recent onerous contracts prior to bid submission suggests a higher likelihood of the deal going ahead. We forecast FY27e sole Australasian EBIT (incl corp. costs) of $32m ($44m normalised in FY26e) implying current multiple of 10- 17x if bid goes ahead vs. global peer group at 16-24x. We believe ramp-up risks are heightened in the Australasian segment over the next 2 years with labour the key constraint. Retain Hold. TP lower on model roll forward.

Harvey Norman Holdings Ltd (ASX: HVN)

Bell Potter remains positive on retail giant Harvey Norman, which has seen its shares fall 43% since this time last year.

However, the broker has taken an axe to its valuation following a review of the company’s FY 2026 results. A note reveals that it has retained its buy rating on the ASX share with a reduced price target of $5.00 (from $6.00). It commented:

In HVN’s key Australian market, we see near term pressures with a further challenged operating environment and a period of high comps navigated through Sep-Nov. However, HVN has the second highest global exposure within our coverage, while trading at a 1-year forward P/E of ~14x (as per BPe). We view this as reasonable considering the CY27/28 outlook for the name with the growth opportunity in 8 global markets and as Australia’s single largest owner in large format retail with a global portfolio of ~$4.8b.

Praemium Ltd (ASX: PPS)

This investment platform provider’s shares are down 28% from their highs, and Bell Potter appears to believe this has created a buying opportunity.

According to the note, the broker has retained its buy rating on the company’s shares with a trimmed price target of $1.10 (from $1.20). It said:

. We stay Buy rated. Derecognising assets is a setback. However, PPS has flagged an intention to migrate onto its new system over the coming 12-18 months. We see an untapped potential in superannuation and new client wins beginning to convert into revenue.

The post Down 28% to 46%: Are these beaten-down ASX shares cheap buys? appeared first on The Motley Fool Australia.

More reading

• How much superannuation do I need to earn $90,000 per year in passive income?
• Austal shares jump despite a $54 million loss. Here’s why investors are buying
• Praemium posts FY26 revenue growth and completes platform integration
• Harvey Norman lifts profit and dividend in FY26 earnings result
• How much passive income can I earn off a $900,000 superannuation balance?

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 Praemium. The Motley Fool Australia has positions in and has recommended Harvey Norman. The Motley Fool Australia has recommended Praemium. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Liontown Ltd (ASX: LTR) shares have been strong performers over the past 12 months.

During this time, the lithium miner’s shares have risen 35%.

Despite this, one leading broker believes that the company’s shares could be dirt cheap.

What is the broker saying?

According to a note out of Bell Potter, its analysts felt that Liontown delivered a “solid” result in FY 2026. The broker said:

LTR reported FY26 underlying EBITDA of $147m (BP est. $222m) and NPAT of $14m (BP est. -$3m). Statutory NPAT was $93m, includes a net -$44.3m tax effected charge for fair value movements and FX gain related to the convertible notes issued to LG Energy Solution, and the recognition of a $112.9m deferred tax asset for tax losses carried forward from prior years. LTR did not declare a dividend, as expected. 

The FY26 result was symptomatic of the Kathleen Valley ramp-up, with high depreciation associated with completing the open pit in late 2025. As previously reported, LTR finished FY26 with cash of $561m and debt of $369m (excluding leases) implying a net cash position of $192m.

Looking ahead, Bell Potter highlights that management is working towards a final investment decision (FID) for the Kathleen Valley mine and processing plant expansion, with a decision due in the near term. It said:

LTR intends to take a formal Final Investment Decision (FID) on the Kathleen Valley mine and processing plant expansion in late September 2026. The expansion is designed to lift underground mining and processing throughput from 2.8Mtpa to 4.0Mtpa, thereby lifting concentrate production capacity from around 500ktpa to over 700ktpa. In today’s release, LTR reiterated FID remains on track for end of Q1 FY27.

Are Liontown shares dirt cheap?

Bell Potter believes that Liontown shares are unnecessarily cheap, highlighting that its enterprise value (EV) is trading at a level not seen since lithium prices were significantly cheaper and its debt load was higher. It said:

We still believe that LTR’s EV is lagging the recent recovery in lithium markets and expected tight fundamentals. The last time LTR was trading at its current EV (early December 2025), SC6 prices were US$1,150/t and net debt was $274m. Since this date. Since then, the Kathleen Valley underground ramp-up has been further derisked and spot SC6 prices are above US$2,300/t. 

While we expect lithium markets will be volatile, market fundamentals remain strong. Over FY27, LTR will continue to ramp up and de-risk Kathleen Valley, a highly strategic asset in terms of scale, long project life and location in a tier-one mining jurisdiction.

In response to the company’s results, the broker has retained its buy rating and $1.90 price target on Liontown’s shares.

Based on its current share price of $1.23, this implies potential upside of approximately 55% for investors over the next 12 months.

The post Why Liontown shares could be dirt cheap appeared first on The Motley Fool Australia.

More reading

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• Liontown FY26 results: Maiden profit, record revenue as lithium prices rebound
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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.