If you’re looking for exchange traded funds (ETFs) to buy then it could be worth getting better acquainted with the two listed below.
Both of these ETFs have fallen heavily in 2022 and are now trading close to 52-week lows. Here’s what you need to know about them:
BetaShares Asia Technology Tigers ETF (ASX: ASIA)
The first beaten down ASX ETF to look at is the BetaShares Asia Technology Tigers ETF. As its name implies, this ETF gives investors exposure to many of the best tech shares in Asia.
Unfortunately, a combination of a crackdown in China’s tech sector and general market weakness has weighed heavily on many of the shares in the ETF, which has led to the fund losing 27% of its value this year.
But one thing that hasn’t changed is the positive long term outlook of many of these “tigers”, which are benefiting greatly from technological adoption in Asia.
Among the companies included in the fund are the likes of Alibaba, Baidu, JD.com, Meituan Dianping, Pinduoduo, Samsung, and Tencent.
In respect to Tencent, is a multinational technology conglomerate and one of the largest companies in the world. Its communication and social platforms, WeChat and QQ, connect over a billion users with each other and with digital content and services. Tencent also has a rapidly growing games business.
As for Alibaba, it is often regarded as the Amazon of China. It has close to a billion customers across its Alibaba, Taobao, and Tmall brands. From these platforms, the company is estimated to control over half of China’s e-commerce market.
ETFS Battery Tech & Lithium ETF (ASX: ACDC)
Another beaten down ETF for investors to look at is the ETFS Battery Tech & Lithium ETF. Its units are down 16% since the start of the year.
This ETF gives investors exposure to providers of electrochemical storage technology and battery materials/lithium miners. These companies could be well-placed for growth over the coming decade thanks to the incredible demand for battery materials due to the decarbonisation and electrification theme.
And with supply struggling to keep up with demand, battery material prices look set to remain high for some time to come, which bodes well for the companies producing them.
Included in the fund are the likes of AMG Advanced Metallurgical Group, Lockheed Martin, Pilbara Minerals Ltd (ASX: PLS), and Sumitomo.
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