If you're not a fan of stock picking, don't worry because exchange-traded funds (ETFs) are here to save the day.
ETFs allow investors to buy large groups of shares with just a single click of the button. This makes it easy to diversify a portfolio quickly or gain exposure to certain themes or regions.
But which ASX ETFs could be good options right now? Let's take a look at three popular funds:
The first ASX ETF that could be a top option for investors is the Vanguard Australian Shares Index ETF. This low-cost, diversified, index-based exchange-traded fund aims to track the ASX 300 index. This means that you will be buying a slice of Australia's leading 300 listed companies. Among this diverse group of shares are the likes of BHP Group Ltd (ASX: BHP), Macquarie Group Ltd (ASX: MQG), and Deep Yellow Limited (ASX: DYL).
Vanguard MSCI Australian Small Companies Index ETF (ASX: VSO)
If small caps are more your thing then the Vanguard MSCI Australian Small Companies Index ETF could be worth considering. This ASX ETF gives investors access to almost 200 small-cap Australian shares. However, unlike many other small-cap focused ETFs, VSO has been designed to include a range of mid and small-caps and not just the tail end of the stock market. Among its holdings are companies such as Dicker Data Ltd (ASX: DDR) and Objective Corporation Ltd (ASX: OCL).
Vanguard MSCI Index International Shares ETF (ASX: VGS)
A final ASX ETF for investors to look at is the Vanguard MSCI Index International Shares ETF. If diversity is your aim, then VGS is your game. It provides investors with access to ~1,500 of the world's largest listed companies from major developed countries. Vanguard notes that this allows investors to participate in the long-term growth potential of international economies.