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There are a lot of exchange-traded funds (ETFs) to choose from on the Australian share market.
Let’s take a look at three that could be quality options for investors when the market reopens after the public holiday. They are as follows:
Betashares Energy Transition Metals ETF (ASX: XMET)
If you are interested in gaining exposure to the decarbonisation megatrend, then the Betashares Energy Transition Metals ETF could be worth a look.
This fund provides investors with easy access to global producers of copper, lithium, nickel, cobalt, graphite, manganese, silver, and rare earth elements.
The team at Betashares is very positive on this ETF and named it on its list of 12 ASX ETFs ideas for 2024.
The fund manager appears to believe the companies held by the ETF are well-positioned to benefit from increasing demand for these metals. It said:
The Earth is blessed with all the minerals we need to power the transition to CO2-free energy. However, defining, extracting, and processing all those deposits is going to require significant new investment. […] Both electric cars and clean energy use notably more metals than their conventional counterparts, and many of these minerals have highly concentrated and insecure supply chains.
BetaShares S&P/ASX Australian Technology ETF (ASX: ATEC)
Another ASX ETF for investors to look at is the BetaShares S&P/ASX Australian Technology ETF.
It provides investors with easy access to leading companies in a range of tech-related market segments such as information technology, consumer electronics, online retail and medical technology.
This ETF was also recently highlighted as one to buy by the team at Betashares. The fund manager commented:
With the nascent adoption of AI, cloud computing, big data, automation, and the internet of things, there’s a good chance that the next decade’s major winners will come from the tech sector. Despite Australia’s sharemarket skewing heavily towards financials and resources, investors can gain direct exposure to Aussie tech stocks via ATEC.
iShares S&P 500 ETF (ASX: IVV)
Another ASX ETF for beginner investors to consider buying this month is the iShares S&P 500 ETF.
It gives you access to the 500 of the top listed companies on Wall Street. This means that you will be investing in a diverse group of shares, including countless household names, from a range of different sectors.
Blackrock, the fund manager, notes that this means it can be used “to diversify internationally and seek long-term growth opportunities in your portfolio.”