Business
How to invest in the Nasdaq Index on the ASX
The Nasdaq Composite (INDEXNASDAQ: .IXIC) Index has been a growing point of fascination with ASX investors over the past few years.
The United States’s newer major stock exchange, the Nasdaq is famously home to most of the US’s disruptive tech companies.
Probably as a result of this, this index has been a top performer over the past decade. The index alone is up more than 83% over the past 12 months (not even including dividends), and up 181% over the past 5 years.
Is investing in the Nasdaq a good idea?
Since the Nasdaq is a US-based index, it offers many diversification benefits for an ASX investor. Having some investments denominated in a currency outside the Australian dollar can offer some benefits in this regard.
And…
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