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 three ETFs listed below provide investors with access to very different groups of shares.
One could be suitable for income investors, whereas the others may be of interest to investors looking for growth and mining exposure. Here's what you need to know about them:
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Betashares Global Uranium ETF (ASX: URNM)
If you're wanting to gain exposure to the resources sector and you're bullish on the outlook for uranium, then the Betashares Global Uranium ETF could be the one for you. This ASX ETF provides investors with exposure to a portfolio of leading companies in the global uranium industry. This includes ASX-listed uranium shares Boss Energy Ltd (ASX: BOE) and Paladin Energy Ltd (ASX: PDN).
BetaShares NASDAQ 100 ETF (ASX: NDQ)
If growth shares are more to your tastes, then the hugely popular BetaShares NASDAQ 100 ETF could be a top pick. It gives investors access to 100 of the largest non-financial shares on the famous NASDAQ index. This includes iconic companies such as Amazon, Apple, Meta Platforms (Facebook), Microsoft, Netflix, and Tesla. BetaShares highlights that with a strong focus on technology, this ETF provides investors with diversified exposure to a high-growth potential sector that is under-represented locally.
Vanguard Australian Shares High Yield ETF (ASX: VHY)
If you're on the lookout for income, then the Vanguard Australian Shares High Yield ETF could be another ASX ETF for investors to consider buying. It provides investors with access to ASX-listed shares that have higher-than-average forecast dividends based on broker research. It also has diversification in mind, limiting your exposure to stocks and sectors so you end up owning a diverse group of shares and not just banks and miners. It currently has a trailing dividend yield of 5.4%.
