Buy these ASX ETFs for easy passive income

These ETFs could be great options if you're looking for easy income.

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If you're not a fan of stock picking but want to build a passive income portfolio, then exchange-traded funds (ETFs) are here to save the day.

They 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 might be great options for income investors in March? Three to look at are named below:

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

The first 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's S&P 500 index. It uses a covered call strategy to target quarterly income that is significantly greater than the dividend yield of the underlying share portfolio.

It is thanks to this strategy that its units currently trade with a 5.1% distribution yield.

Vanguard Australian Shares High Yield ETF (ASX: VHY)

Another ASX ETF for passive income investors to look at is the Vanguard Australian Shares High Yield ETF.

This popular ETF offers investors low-cost exposure to a group of 70+ ASX shares that analysts are forecasting to have larger than average dividend yields. This includes all the well-known big dividend payers such as BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA), as well as smaller names like Dicker Data Ltd (ASX: DDR) and Super Retail Group Ltd (ASX: SUL) and

The Vanguard Australian Shares Index ETF currently trades with a trailing dividend yield of 5.1%.

Vanguard Australian Shares Index ETF (ASX: VAS)

A final ASX ETF for income investors to look at is the Vanguard Australian Shares Index ETF.

It is a low-cost index-based exchange traded fund that aims to track the ASX 300 index. This means that you will be snapping up a portion of Australia's leading 300 listed companies. Among this diverse group of shares are the likes of Lovisa Holdings Ltd (ASX: LOV), Macquarie Group Ltd (ASX: MQG), and Woodside Energy Group Ltd (ASX: WDS).

At present, it trades with a dividend yield of 3.9%.

Motley Fool contributor James Mickleboro has positions in Lovisa and Woodside Energy Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Dicker Data, Lovisa, and Macquarie Group. The Motley Fool Australia has positions in and has recommended BetaShares S&P 500 Yield Maximiser Fund, Dicker Data, Macquarie Group, and Super Retail Group. The Motley Fool Australia has recommended Lovisa and 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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