All of the US tariff volatility is opening up a lot of opportunities to buy ASX shares at much cheaper prices.
I’m going to talk about two ASX shares that have been sold off which look too good to ignore.
While it’s possible that share prices could fall further, I’d happily push the buy button because they look like appealing investments right now.
Betashares Nasdaq 100 ETF (ASX: NDQ)
Some of the world’s biggest companies have suffered from heavy declines, particularly ones that are involved in the global supply chain, such as Apple, Nvidia and Amazon.
The NDQ ETF as a whole has dropped 5% today and it’s down more than 16% since 18 February 2025. That’s a big decline and it’s approaching the size of the COVID-19 crash. When some of the best businesses in the world are significantly cheaper, it can be the right time to invest. Who doesn’t want to buy stocks when they’re a lot cheaper?
Investors can get exposure to many of the world’s strongest businesses in this fund including Microsoft, Alphabet, Meta Platforms and Costco.
While the US is currently seen as a less attractive place to invest, I still believe these huge companies with global earnings can succeed over the long-term, so this looks like a good time to buy. If the fund drops even further, I’d call it even better value.
WCM Global Growth Ltd (ASX: WQG)
This ASX share is a listed investment company (LIC), with the fund manager based in California. WCM Global invests in international shares, with a significant section of those holdings being US shares.
The tariff market gyrations have led to the share price of WCM Global Growth falling 13% (despite the weakening of the Australian dollar).
In WCM’s latest monthly update, it noted that economists have warned the US tariffs would “inevitably lead to higher inflation and lower global economic growth” which is a double negative for share markets. The scale of the tariffs “surpassed the market’s expectations”.
Despite the uncertainty, the LIC will stick with its investment process that has helped it outperform the global share market over the long-term. At the end of March, it had outperformed by an average of 2.7% since the LIC’s inception in June 2017. WCM said:
This process is focused on identifying businesses that are expanding their competitive advantages supported by strong, adaptable and well-aligned corporate cultures.
I think this ASX share could outperform the ASX 200 (ASX: XJO) in the long-term, particularly with its pleasing and regular dividend payment.
