If you’re looking for exchange-traded funds (ETFs) to buy next month, read on.
That’s because listed below are three ETFs that could be great to buy for the new month.
Here’s what you need to know about them:
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BetaShares S&P/ASX Australian Technology ETF (ASX: ATEC)
The first ASX ETF to consider is the BetaShares S&P/ASX Australian Technology ETF.
The fund came under significant pressure during the recent tech sell-off, which has pulled back valuations across the sector. This weakness has changed the starting point for investors.
The BetaShares S&P/ASX Australian Technology ETF offers exposure to a group of Australian tech shares that are now rebuilding from lows. These businesses are still tied to long-term trends such as cloud computing, digital platforms, and software adoption.
Its holdings include companies such as Zero Limited (ASX: XRO), WISE TECH GLOBAL LIMITED (ASX: WTC), and TECHNOLOGY ONE LIMITED (ASX: TNE).
If sentiment towards technology stabilizes, the BetaShares S&P/ASX Australian Technology ETF could be a great way to ride a recovery in the sector. It was recently recommended by analysts at Catapult Wealth.
BetaShares Global Robotics and Artificial Intelligence ETF (ASX: RBTZ)
Another ASX ETF to watch in May is the BetaShares Global Robotics and Artificial Intelligence ETF.
The fund gives investors easy access to stocks that are helping to transform the world with robotics and artificial intelligence.
Its holdings include companies such as ABB (SWX: ABBN), Intuitive surgical (NASDAQ: ISRG ), and Keynes Corporation.
ABB highlights how pervasive this theme has become. Its automation systems are now being used in manufacturing, energy and infrastructure, showing that robotics is no longer limited to factories.
The BetaShares Global Robotics and Artificial Intelligence ETF captures the shift toward automation throughout the global economy. It was recently recommended by analysts at BetaShares.
Global X Defense Tech ETF (ASX: DTEC)
A third ASX ETF to consider in May is the Global X Defense Tech ETF.
Defense spending is no longer limited to conventional equipment. Increasingly, it’s turning to technology, including artificial intelligence, drones, and cybersecurity.
The Global X Defense Tech ETF focuses on companies operating in these sectors, showing how defense is evolving.
Its holdings include companies such as Lockheed Martin (NYSE: LMT), Palantir (NASDAQ: PLTR), and Rhine metal (ETR: RHM).
With global defense spending continuing to rise and technology driven highs, the Global X Defense Tech ETF offers exposure to an increasingly important theme.
This fund was recently recommended by analysts at GlobalX.
