If you have room for some new exchange-traded funds (ETFs) in your portfolio this week, then keep reading!

That's because listed below are five ASX ETFs that are highly rated right now and could be great options for investors looking to invest $5,000 into the market.

Here's what you need to know about these funds:

Betashares Global Quality Leaders ETF (ASX: QLTY)

The first ASX ETF for investors to consider buying is the Betashares Global Quality Leaders ETF. It was recommended by Betashares' chief economist and for a very good reason. This fund gives investors easy access to approximately 150 of the highest quality companies in the world. Betashares notes that these companies rank highly on four key metrics: return on equity, debt-to-capital, cash flow generation, and earnings stability.

BetaShares Cloud Computing ETF (ASX: CLDD)

Another ASX ETF to consider for a $5,000 investment is the BetaShares Cloud Computing ETF. It provides investors with exposure to a group of companies that stand to benefit from the structural shift to the cloud. Betashares, which tipped the fund as a buy, notes that "cloud computing has been one of the strongest-growing segments of the technology sector, and given much of the world's digital data and software applications are still maintained outside the cloud, continued strong growth has been forecast." Among its holdings are companies such as Shopify (NYSE: SHOP) and Zoom (NASDAQ: ZM).

Betashares Global Cash Flow Kings ETF (ASX: CFLO)

A third ASX ETF that Betashares is recommending is the Betashares Global Cash Flow Kings ETF. The fund manager points out that companies generating high levels of free cash flow have a tendency of outperforming the market over the medium to long term. In light of this, it could make this ETF a great long term option for investors with money to put into the market. Among the companies held by the fund are tech giant Alphabet (NASDAQ: GOOG) and payments behemoth Visa (NYSE: V).

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

A fourth ASX ETF that could be a good place to invest $5,000 is the VanEck Vectors Morningstar Wide Moat ETF. It focuses on investing in high-quality companies with fair valuations and sustainable competitive advantages. These are the characteristics that Warren Buffett looks for when making his own investments. And given that he has beaten the market consistently for multiple decades, it may not be a bad idea to follow in his footsteps.

Vanguard MSCI Index International Shares ETF (ASX: VGS)

A fifth and final ASX ETF for investors to look at is the Vanguard MSCI Index International Shares ETF. It provides investors with exposure to approximately 1,500 of the world's largest listed companies from major developed countries. Vanguard highlights that this gives investors access to a diverse group of stocks and global economic growth.