Buy these ASX ETFs for a second income

These ETFs could be top and easy options for income investors.

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If you're building an income portfolio for a second income, but aren't sure which ASX shares to buy, you could look at the exchange-traded funds (ETFs) instead.

But which ASX ETFs could help you generate a second income?

Two to consider are listed below. Here's what income investors need to know about them:

Vanguard Australian Shares High Yield ETF (ASX: VHY)

The first option for income investors to look at is the Vanguard Australian Shares High Yield ETF.

As its name implies, this ASX ETF provides investors with access to a diverse group of shares that brokers are expecting to provide higher-than-average dividend yields.

Another positive is the diversity it brings to a portfolio. Vanguard highlights that it limits how much it invests in any particular industry or company. This means you're not overexposed to certain sectors.

Among its ~70 holdings are BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA), and Transurban Group (ASX: TCL).

Vanguard estimates that its holdings will collectively underpin a dividend yield of 5.6% for investors over the next 12 months.

BetaShares S&P 500 Yield Maximiser (ASX: UMAX)

Another ASX ETF for income investors to look at is the BetaShares S&P 500 Yield Maximiser.

This ASX ETF gives investors access to the top 500 companies listed on Wall Street with a 'covered call' strategy.

This clever strategy allows the actively managed fund to potentially earn quarterly income that is significantly greater than you would expect from the underlying share portfolio.

For example, at the last count, its units were providing investors with a trailing 5.9% distribution yield.

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 positions in and has recommended BetaShares S&P 500 Yield Maximiser Fund. 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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