Due to the market volatility this year, a number of exchange traded funds (ETFs) are trading sharply lower year to date.
Two such ETFs are listed below. Here's why this weakness could make them worth considering for long term focused investors:
Image source: Getty Images
BetaShares Asia Technology Tigers ETF (ASX: ASIA)
The first ETF for ASX investors to look at is the BetaShares Asia Technology Tigers ETF. Since the start of the year, its units have lost 25% of their value.
As this ETF gives investors easy exposure to many of the Asian region's most exciting technology shares, this weakness could be a buying opportunity for long term focused investors.
After all, the ~50 tech companies included in the fund are leading Asia's technological revolution and have huge long term growth potential in the massive market.
Among the ETF's holdings are giants such as Alibaba, Baidu, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, and Tencent. In respect to Baidu, it is the search engine giant regarded as the Google of China. It is also an artificial intelligence leader and is aiming to be an autonomous vehicle powerhouse.
BetaShares Global Cybersecurity ETF (ASX: HACK)
Another beaten down ETF for ASX investors to consider is the BetaShares Global Cybersecurity ETF. This ETF has tumbled 18% lower since the start of the year.
This could prove to be a buying opportunity for long term investors given the massive potential of the global cybersecurity sector, which continues to experience growing demand as more infrastructure shifts to the cloud and cyber attacks increase.
Among the companies you'll be owning with the ETF are Accenture, Cisco, Cloudflare, Crowdstrike, Okta, and Splunk. In respect to Okta, it is a leading provider of workforce identity solutions. It provides cloud software that helps companies manage and secure user authentication into applications.
