Buy these fantastic ASX ETFs for passive income and growth

The great thing about exchange-traded funds (ETFs) is that they cater to all investment groups.

Whether you’re a growth investor or an income-focused investor, there’s something out there for you.

Let’s now take a look at two ASX ETFs that could be good options for these investors.

Vanguard Australian Shares High Yield ETF (ASX: VHY)

If you’re an income investor, then you may want to look at the Vanguard Australian Shares High Yield ETF.

It allows you to instantly build a portfolio filled with many of the best ASX dividend shares on the Australian share market.

And it does this with diversity in mind. In order to stop you from owning purely banks and miners, Vanguard limits how much it invests in any particular industry or company.

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

The ETF currently trades with a dividend yield of 5.1%.

BetaShares Global Cybersecurity ETF (ASX: HACK)

Whereas if you’re a growth investor you might want to check out the BetaShares Global Cybersecurity ETF.

This ETF gives investors access to the rapidly growing companies that are leading the way in the global cybersecurity sector.

With cyberattacks continuing to increase and cybersecurity becoming more and more important, the sector has been tipped to grow materially in the future.

For example, a recent McKinsey survey found that the total opportunity amounts to a massive US$1.5 trillion to US$2.0 trillion addressable market.

And while it doesn’t think the “market will reach such a size anytime soon”, it demonstrates how companies in the sector could have very long growth runways.

Among the ETF’s holdings are leaders such as Accenture, Cloudflare, Crowdstrike, Okta, and Palo Alto Networks.

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

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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 Accenture Plc, BetaShares Global Cybersecurity ETF, Cloudflare, CrowdStrike, Okta, Palo Alto Networks, Transurban Group, and Wesfarmers. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2025 $290 calls on Accenture Plc and short January 2025 $310 calls on Accenture Plc. The Motley Fool Australia has positions in and has recommended BetaShares Global Cybersecurity ETF, Coles Group, and Wesfarmers. The Motley Fool Australia has recommended CrowdStrike, Okta, 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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