Unveiling a High-Potential ASX Growth Stock
Key Focus: BetaShares Nasdaq 100 ETF (ASX: NDQ) boasts a robust performance with market-beating potential.
Top Points to Note:
- Five-Year Performance: NDQ units showcased an average annual return of 22.98%.
- Decade Milestone: The Nasdaq 100 index fund registered an average return of 21.82% per annum over ten years.
- Comparative Index Fund: The iShares Core S&P/ASX 200 ETF (ASX: IOZ) had a five-year return of 8.52%, revealing a stark contrast.
Insights/Analysis:
The BetaShares Nasdaq 100 ETF’s selection of ‘magnificent seven’ stocks alongside other frontrunners positions it as a strong candidate for future growth, outpacing traditional ASX gains.
Concluding Thought:
While past performances may not explicitly predict future outcomes, the dynamism and innovation within the NASDAQ 100 are propelling NDQ to potentially eclipse the ASX 200, reaffirming its growth stock status.
This information is provided for general educational purposes and should not be considered financial advice. Investors are advised to conduct their own due diligence before making investment decisions.