Growth and income: 2 excellent ETFs for ASX investors to buy this month

These high quality ETFs offer investors very different investment options…

If you're looking for an easy way to invest, then exchange traded funds (ETFs) could be worth considering.

The good news is that there are plenty of ETFs to choose from on the Australian share market.

Two that offer investors very different investment options are listed below. Here's why they could be worth considering:

a smiling woman sits at her computer at home with a coffee alongside her, as if pleased with her investments.

Image source: Getty Images

BetaShares Global Cybersecurity ETF (ASX: HACK)

If you're a fan of tech shares, then the BetaShares Global Cybersecurity ETF could be worth considering.

This ETF provides investors with exposure to the leaders in the global cybersecurity sector.

With cyberattacks becoming a regular occurrence, demand for cybersecurity services is expected to increase strongly over the next decade. And with the Australian share market having little exposure to this area of the tech sector, this ETF is a great way for investors to get access to it.

Among the companies included in this ETF are industry leaders such as Accenture, Cloudflare, Crowdstrike, Okta, and Palo Alto Networks.

Vanguard Australian Shares High Yield ETF (ASX: VHY)

If it's dividends that you're looking for, then the Vanguard Australian Shares High Yield ETF could be the one for you.

That's because this ETF provides investors with an easy way to buy a collection of ASX-listed shares that have higher than average forecast dividends.

And while banks and miners often offer the biggest yields, this ETF ensures that you're not purely going to end up with a portfolio filled with them. It limits the proportion invested in any one industry and company in order to maintain a diverse portfolio.

Among the shares included in the fund are giants BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA), and Telstra Corporation Ltd (ASX: TLS).

The Vanguard Australian Shares High Yield ETF currently trades with an estimated forward dividend yield of 5.6%.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended BetaShares Global Cybersecurity ETF. The Motley Fool Australia has positions in and has recommended BetaShares Global Cybersecurity ETF. The Motley Fool Australia has recommended Vanguard Australian Shares High Yield ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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