Growth and dividends: Here are 2 ASX ETFs to buy

These ETFs offer investors access to large number of income and growth shares…

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As well as providing exposure to indices and share markets, exchange traded funds (ETFs) offer investors ways to invest in groups of shares that fit their investment objectives.

For example, the two ETFs listed below provide investors with access to two very different groups of shares.

One could be suitable for income investors, whereas the other may be of interest to investors looking for growth. Here's what you need to know about them:

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

The first ASX ETF for investors to look at is the VanEck Vectors Video Gaming and eSports ETF.

This ETF, which could be a good option for growth investors, gives investors access to a portfolio of the largest companies involved in video game development, hardware, and esports. This is an industry benefiting from almost 3 billion active gamers globally (and growing each year).

Another positive is that spending on gaming is expected to increase strongly in the future, which bodes well for the companies included in the fund. This includes graphics processing unit giant Nvidia and gaming developers Electronic Arts, Nintendo, Roblox, Take-Two, and Tencent.

Vanguard Australian Shares High Yield ETF (ASX: VHY)

The Vanguard Australian Shares High Yield ETF could be another ASX ETF for investors to consider buying. Especially if you're an income investor.

This ETF provides investors with exposure to ASX-listed shares that have higher than average forecast dividends based on broker research. It is also worth noting that Vanguard has strict portfolio rules in place to ensure that investors are left with a diverse group of shares and not just banks and miners.

Among the shares included in the fund are Rio Tinto Ltd (ASX: RIO), Telstra Corporation Ltd (ASX: TLS), and Westpac Banking Corp (ASX: WBC). At present, the Vanguard Australian Shares High Yield ETF trades with an estimated forward dividend yield of 5.3%.

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended VanEck Vectors Video Gaming And eSports ETF and 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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