It has been a significantly volatile time for the global and ASX share market as a tariff war wages. It could be a great time to invest.
US President Trump is seemingly trying to bring some manufacturing to the US and/or also make it easier for US companies to export to different countries.
Investors globally don’t like uncertainty and a return to higher inflation could be problematic for companies and households alike.
We can’t know how this will play out – some tariff deals could be struck quite quickly – but it is creating cheaper investment opportunities. I think both of these ASX shares are attractive.
Betashares Nasdaq 100 ETF (ASX: NDQ)
The US stock market is one of the places taking a big hit during this period. Plenty of businesses in the US are global giants, with cost bases and supply chains across the world. Apple is particularly vulnerable to the current US tariff war because of production in China, which is why it’s down 23% since 2 April 2025 and it’s down 30% since February 2025.
The Nasdaq Composite (INDEXNASDAQ: .IXIC) is now down 24% from 19 February 2025 overall, ouch.
This exchange-traded fund (ETF) tracks the NASDAQ 100, which is a group of 100 of the biggest businesses on the NASDAQ. That includes Apple, as well as Microsoft, Amazon, Meta Platforms, Nvidia, Alphabet, Broadcom, Costco, Netflix and plenty more.
Despite the tariff uncertainty, I’d still call these companies some of the best in the world, which give exposure to some of the world’s best trends like cloud computing and AI. And now those stocks are a lot cheaper.
GQG Partners Inc (ASX: GQG)
GQG is a fund manager based out of the US, though it has clients in other countries too. The ASX share has funds across US shares, global shares, international shares and emerging market shares.
With declining share market values, this is cutting into the ASX share’s funds under management (FUM), which is the main driver of revenue, which is the main driver of profit, which pays for the dividend. As you can see, the fall of FUM is a major negative, in the shorter-term.
But, that effect can be great when markets go up. At some point, I think share markets will rise again, it’s just difficult to know when that will be. It could be just days or weeks away, which would be very soon in terms of investing.
With the likely long-term net inflows for GQG and its impressive investment fund track record, I think this is a great ‘buy the dip’ opportunity with this ASX share.
