They say the end of the financial year is the best time to snap up a bargain, and just like your favourite retailer, the market happens to be offering quite a few deals right now.
Since the beginning of the year, the S&P/ASX 200 has fallen more than 12%, while the S&P 500 has cascaded nearly 20% into the red. Property - both commercial and residential - also is feeling the heat as interest rates continue to rise.
Given the challenge of identifying the companies that can succeed in this challenging market environment (or any market, for that matter) exchange-traded funds, or ETFs, have emerged as a popular bet among investors.
So in this episode, Livewire's Ally Selby was joined by Shaw & Partners' Felicity Thomas and Apt Wealth's Sarah Gonzales, who shared their thoughts on three low-cost ETFs to give your portfolios a much-needed facelift in FY23.
Plus, they name one defensive ETF that could help bolster portfolios over the months to come.
Note: This video was shot on Wednesday 6 July 2022. You can read the transcript below:
https://www.livewiremarkets.com/wires/buy-hold-sell-5-bargain-etfs-to-refresh-your-portfolio-in-fy23/