The good thing about exchange traded funds (ETFs) is that they offer investors ways to invest in groups of shares that fit their investment objectives.

For example, the two ETFs listed below provide investors with access to two very different groups of shares. One could be suitable for income investors, whereas the other may suit investors looking for growth.

Here’s what you need to know about them:

BetaShares Global Cybersecurity ETF (ASX: HACK)

Investors that are looking for growth options might want to consider the BetaShares Global Cybersecurity ETF.

This ETF gives investors access to the leading players in the global cybersecurity sector. This includes high quality, growing companies such as Accenture, Cloudflare, Crowdstrike, Okta, and Palo Alto Networks.

As you saw with the Optus and Medibank Private Ltd (ASX: MPL) cyberattacks last year, cybersecurity is becoming incredibly important for businesses and consumers. With sensitive information being accessed by hackers, both companies are facing major reputational damage and potential penalties and compensation.

And with cyberattacks expected to increase in the future, demand for cybersecurity services is forecast to grow materially over the coming years. This bodes well for this ETF and its holdings.

Vanguard Australian Shares High Yield ETF (ASX: VHY)

If you’re looking for income options, the Vanguard Australian Shares High Yield ETF could be a top option.

As you might have guessed from its name, this ETF provides investors with exposure to ASX-listed shares that have higher than average forecast dividends. This is a diverse group of shares, with Vanguard ensuring that you don’t get lumped with just miners or banks.

Among the shares included in the fund are Rio Tinto Ltd (ASX: RIO), Telstra Corporation Ltd (ASX: TLS), and Westpac Banking Corp (ASX: WBC). The Vanguard Australian Shares High Yield ETF currently trades with an estimated forward dividend yield of 5.6%.

The post Buy these ETFs for passive income and growth appeared first on The Motley Fool Australia.

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More reading

• 3 top tech ETFs for ASX investors to buy right now
• Is the Vanguard Australian Shares High Yield ETF (VHY) a good buy for passive income?
• Growth and income: 2 excellent ETFs for ASX investors to buy this month
• Top ASX ETFs to buy in February 2023
• Buy these ASX ETFs for retirement income

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 BetaShares Global Cybersecurity ETF. The Motley Fool Australia has positions in and has recommended BetaShares Global Cybersecurity ETF. 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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