If you're not a fan of stock picking, then exchange-traded funds (ETFs) could be the answer.
That's because they provide investors with access to large numbers of ASX shares through a single click of the button. This means that you can diversify a portfolio almost instantly.
The good news for income investors is that there are plenty of options for them out there.
For example, two ASX ETFs that offer a source of income and could be worth considering are listed below. Here's what you need to know about them:
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Vanguard Australian Shares Index ETF (ASX: VAS)
The first ASX ETF for income investors to consider buying is the Vanguard Australian Shares Index ETF.
This is a low-cost, diversified, index-based exchange-traded fund that aims to track the ASX 300 index.
This index is home to Australia's leading 300 listed companies. This includes shares such as BHP Group Ltd (ASX: BHP), Macquarie Group Ltd (ASX: MQG), Newmont Corporation (ASX: NEM), and TPG Telecom Ltd (ASX: TPG).
And while not all members of the index pay dividends, the ETF still trades with an attractive dividend yield of 3.8%.
Vanguard Australian Shares High Yield ETF (ASX: VHY)
Another ASX ETF for income investors to look at buying is the Vanguard Australian Shares High Yield ETF.
This popular ETF gives 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 big names such as companies like BHP and Commonwealth Bank of Australia (ASX: CBA), as well as smaller names like Dicker Data Ltd (ASX: DDR) and Lottery Corporation Ltd (ASX: TLC).
Importantly, Vanguard limits how much it invests in any particular industry or company to ensure that you're holding a truly diverse group of shares.
The Vanguard Australian Shares High Yield ETF currently trades with a dividend yield of 5.1%.
