BetaShares Australian Technology ETF (ATEC) $21.44

The closest comparison to the IGV ETF traded on the ASX is the ATEC ETF, but we don’t feel it’s a good vehicle to invest in for a turn in the local software sector, as can be seen by the comparison in the chart below. We discussed how we like the ASX marketplace stocks in yesterday’s report here, and this morning we’ve picked out two local software stocks that are showing signs of improving into Christmas.

• We believe the best way to position for a recovery in the ASX software names is on a stock-by-stock basis.