3 top ASX ETF ideas for investors in May
The letters ETF sit in orange on top of a chart with a magnifying glass held over the top of it
If you are on the lookout for some exchange-traded funds (ETFs) to bolster your portfolio, then it could be worth getting acquainted with the three that are listed below.
They have all been tipped as top ideas by analysts at Betashares this year. Let’s dig a little deeper into them and see what they could offer investors.
BetaShares S&P/ASX Australian Technology ETF (ASX: ATEC)
If you are wanting some exposure to the local technology sector, then it could be worth considering the BetaShares S&P/ASX Australian Technology ETF. It offers easy access to the leading tech players on the Australian share market.
This ETF was recently highlighted as one to look at 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.
Betashares Global Cash Flow Kings ETF (ASX: CFLO)
Another ASX ETF that is highly rated by the fund manager is the Betashares Global Cash Flow Kings ETF.
Betashares recently named it as one to consider when interest rates start to fall. It said:
For those looking for international exposure, Betashares Global Cash Flow Kings ETF focuses on global companies with strong free cash flow. The fund can serve as a core exposure to global equities or alongside existing low-cost passive global ETFs to enhance a portfolio’s emphasis on cash-generating companies.
Betashares Energy Transition Metals ETF (ASX: XMET)
Finally, if you are looking for exposure to the decarbonisation megatrend, then the Betashares Energy Transition Metals ETF could be for you.
It provides investors with easy exposure to global producers of copper, lithium, nickel, cobalt, graphite, manganese, silver, and rare earth elements.
Betashares named it on its list of 12 ASX ETFs ideas for 2024. It appears to believe the companies included in the fund are well-positioned to benefit from increasing demand for these metals. It commented:
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. [â¦] 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.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…
See The 5 Stocks *Returns as of 1 February 2024
More reading
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.