Exchange traded funds (ETFs) are favored by many investors over individual stocks. Investors who have a limited budget can access the best-performing firms through ETFs. Their prospects of success in the market are therefore higher than those of novices because they are also under the supervision of seasoned money managers. In response to recession worries, some investors favor tech firms with strong growth potential. With affordable ETFs, beginners can gain exposure to the most well-known and pricey IT companies. Inflows into US-listed ETFs were $297.3 billion during the first half of 2022.
Insider Monkey selected 10 cheap ETFs to invest in for beginners. Investments in businesses engaged in the artificial intelligence industry are the focus of the Global X Artificial Intelligence & Technology ETF. One of the largest assets of the portfolio is Microsoft Corporation. Microsoft Corporation was given initial coverage by Redburn Analyst with a Buy rating and $370 price target. The goal of the Global X Cloud Computing ETF is to invest in businesses that gain from the widespread use of cloud computing. The fund monitors the Indxx Global Cloud Computing Index’s performance. It has $677.77 million in net assets and an expense ratio of 0.68 percent. Global X Millennials Consumer ETF, which was established in 2016, has a 0.50 percent expense ratio and net assets of $106.02 million. The portfolio of the fund contains 82 holdings. It makes investments in businesses that stand a good chance of profiting from Millennials’ growing purchasing power. The 30 largest U.S. listed semiconductor businesses are the focus of the Invesco PHLX Semiconductor ETF. Texas Instruments Incorporated, a business that produces and sells semiconductors, is the fund’s largest asset. In January 2021, WisdomTree Cybersecurity Fund was established. The fund’s net expense ratio is 0.45% and its total assets under management are $70 million. The largest shareholder of the corporation, with 3 million shares worth $449.15 million, is Stephen Mandel’s Lone Pine Capital. For more details, click 10 Cheap ETFs To Invest In For Beginners.
Unsplash
