3 top ASX ETFs to buy for income in 2024

Income investors might want to check out these ETFs for next year.

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If you're an income investor but aren't keen on stock picking, don't worry. That's because exchange-traded funds (ETFs) are here to save the day.

ETFs provide investors with a large number of shares through a single investment. This makes them a great way to diversify a portfolio swiftly.

But which ASX ETFs could be good options for income investors? Three to consider are listed below:

Vanguard Australian Shares Index ETF (ASX: VAS)

The first ASX ETF for income investors to look at is the Vanguard Australian Shares Index ETF.

It is a low-cost, diversified, index-based exchange-traded fund that 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) and Macquarie Group Ltd (ASX: MQG).

At present, it trades with a dividend yield of 4.2%.

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

Another option for income investors to consider buying is the BetaShares S&P 500 Yield Maximiser.

It is an actively managed fund that provides investors with access to the top 500 companies listed on Wall Street. Through its covered call strategy, it is able to target quarterly income that is significantly greater than the dividend yield of the underlying share portfolio.

At present its units trade with a trailing 5.8% distribution yield.

Vanguard Australian Shares Index ETF (ASX: VHY)

A third ASX ETF for income investors to consider buying is the Vanguard Australian Shares High Yield ETF.

This popular ETF offers investors low-cost exposure to a group of 70+ ASX shares that are forecast to have bigger dividend yields compared to the market average. This includes all the usual suspects such as companies like BHP and Commonwealth Bank of Australia (ASX: CBA), as well as smaller names like Super Retail Group Ltd (ASX: SUL).

The Vanguard Australian Shares Index ETF currently trades with a trailing dividend yield of 5.5%.

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 positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended BetaShares S&P 500 Yield Maximiser Fund, Macquarie Group, and Super Retail Group. 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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