There are a large number of exchange-traded funds (ETFs) for investors to choose from on the Australian share market.
Two that could be top options for growth and income investors are listed below. Here's what you need to know about them:
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ETFS Battery Tech & Lithium ETF (ASX: ACDC)
If you're a growth investor with a high tolerance for risk, then the ETFS Battery Tech & Lithium ETF could be a top option.
Particularly if you want some exposure to the decarbonisation megatrend. That's because this popular ASX ETF provides investors with an easy way to buy a slice of companies involved in battery technology, electric vehicles, and lithium mining.
This includes BYD, Mineral Resources Limited (ASX: MIN), Pilbara Minerals Ltd (ASX: PLS), Nissan, Panasonic, Renault, and Tesla.
Vanguard Australian Shares Index ETF (ASX: VHY)
Another ASX ETF that could be a top option for investors is the Vanguard Australian Shares High Yield ETF.
This ETF could be a good pick for income investors who aren't overly keen on stock picking. That's because it offers investors low-cost exposure to a group of 70+ ASX shares that have higher forecast dividends relative to the market average.
This means you will be owning a portfolio of shares such as giants like BHP Group Ltd (ASX: BHP) and Commonwealth Bank of Australia (ASX: CBA), as well as smaller dividend-paying companies such as Lottery Corporation Ltd (ASX: TLC) and Dicker Data Ltd (ASX: DDR).
One thing that you won't be buying is Australian Real Estate Investment Trusts (A-REITS). They are excluded from the fund, which means there's no real exposure to the property market with this ETF.
As for income, the ETF currently trades with a trailing dividend yield of 5.7%.
