“I’ve recently come across an ETF from Betashares that sounds like it’s an offspring of Elon Musk,” Peter said,
“Its ticker code is EX20.
“For those who aren’t experts on Musk, he named one of his sons X!
“Unlike Musk, this isn’t a highly adventurous commodity but could be a rewarding investment idea given the exceptional performance of Australia’s top 20 companies.
“Right now, the likes of Commonwealth Bank (CBA) and others in the top 20 companies on the Australian Stock Exchange (ASX) have shocked experts and fund managers by going to stock price levels never anticipated by the analysts.
“Those expert company watchers are predicting that these elevated share prices won’t be sustained.
“If they’re right, there will be a rotation into many of the 180 other stocks in the ASX 200.
“Many of these other stocks will be beneficiaries of eventual interest rate cuts, which are expected over the next 12 months.
“In a sense, many of them will be the drivers of what will push the ASX 200 index up and therefore it may even produce an even bigger return than the ASX 200.
“This ETF not only gives exposure to some great companies but will also produce dividends as well,” Peter said.
EX20
Source: Google
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