Why this ASX tech ETF is in the buy zone

There is an enormously wide range of ASX exchange-traded funds out there for Aussie investors to peruse. There are your standard market-tracking funds that blindly follow the S&P/ASX 200 Index (ASX: XJO).

Then there are specific, or thematic ETFs, that might focus on an individual sector, such as robotics or health care.

There are even funds that don’t cover shares at all — ETFs can track all manner of assets, from property, to government bonds, to gold and silver.

A US tech-focused ETF

The BetaShares Nasdaq 100 ETF (ASX: NDQ) lies somewhere in the middle of this wide range. This ETF tracks an index – the NASDAQ-100 (INDEXNASDAQ: NDX) to be precise. But this index doesn’t cover an entire market, as an ASX 200 ETF might….