The 4 ETFs looked at today are influenced by Jim Chalmers Budget in different ways, with no outright major beneficiaries, but some are better positioned than others.
- We prefer the Vanguard Australian Shares High Yield ETF (VHY) over the VanEck Australian Banks ETF (MVB) – this isn’t the time to be “all in” on banks, in our opinion.
- We like the BetaShares Resources Sector ETF (QRE), but a simple position in BHP Group (BHP) makes more sense to us.
- The BetaShares Australian Technology ETF (ATEC) got no help from the budget, and if anything, it refocused investors on overseas markets for tech exposure. Hence, we see no reason increase exposure to local tech as a group just yet.
