One of the best things about exchange-traded funds (ETFs) is that they offer investors ways to invest in groups of shares that fit their particular investment objectives.
Whether it's diversification, income, growth, or defensiveness, there's something out there for everyone.
On this occasion, let's take a look at a couple of ASX ETFs that could be great options for growth and income investors.
Here's what you need to know about them:
BetaShares Global Cybersecurity ETF (ASX: HACK)
Growth investors may want to consider buying the BetaShares Global Cybersecurity ETF. This ASX ETF gives investors exposure to the leading companies in the rapidly growing global cybersecurity sector.
Investors only need to look at recent cyberattacks to see that online threats are getting greater and more sophisticated. While this may not be good news for internet users, it is for the companies included in the BetaShares Global Cybersecurity ETF.
This currently includes companies such as Accenture, Cisco, Cloudflare, Crowdstrike, Okta, Palo Alto Networks, and Splunk.
Vanguard Australian Shares High Yield ETF (ASX: VHY)
If you're an income investor, then the Vanguard Australian Shares High Yield ETF could be a great option.
As its name implies, this ASX ETF provides investors with easy access to a diverse group of shares that brokers are expecting to provide larger-than-average dividend yields.
Another positive with this ASX ETF is that it does all of the above with diversity in mind. Vanguard highlights that this means investors are less exposed to the performance fluctuations of individual shares.
At present, there are a total of 76 ASX dividend shares in the portfolio. This includes BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA), Transurban Group (ASX: TCL), and Woodside Energy Group Ltd (ASX: WDS).
Vanguard notes that the ETF currently has a dividend yield of 5.9%.
