If you want to make some investments but aren't a fan of stock picking, then it could be worth considering exchange-traded funds (ETFs).
That's because they allow investors to buy a large collection of shares through a single investment. This makes it an easy way to diversify a portfolio.
But which ASX ETFs could be great options for investors in July? Let's take a look at three:
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Betashares Global Cash Flow Kings ETF (ASX: CFLO)
The first ASX ETF to look at is the Betashares Global Cash Flow Kings ETF
Analysts at Betashares recently named it as one to consider. They highlight that companies that generate high levels of free cash flow have a tendency to outperform broad global equity benchmarks over the medium to long term.
This could make the Betashares Global Cash Flow Kings ETF a great long term option for investors. This is because it focuses on global companies that demonstrate strong and consistent free cash flow generation, growth of free cash flow, and relatively low levels of debt.
Among its holdings are household names such as Alphabet (NASDAQ: GOOG) and Costco (NASDAQ: COST).
Vanguard Australian Shares Index ETF (ASX: VHY)
A second ASX ETF to look at is the Vanguard Australian Shares High Yield ETF.
It could be a good option if you're looking for income from the share market. That's because it provides investors with low-cost exposure to a portfolio of 70+ ASX shares that have higher forecast dividends relative to the market average.
But you're not just buying the banks and miners. Vanguard highlights that security diversification is achieved by restricting the proportion invested in any one industry to 40% of the total ETF and 10% for any one company. It also points out that Australian Real Estate Investment Trusts (A-REITS) are excluded from the fund.
Among the dividend-paying shares you will be owning are giants BHP Group and Commonwealth Bank of Australia (ASX: CBA), as well as smaller companies such as Centuria Capital Group (ASX: CNI) and Dicker Data Ltd (ASX: DDR).
The ETF currently trades with a trailing dividend yield of 4.9%.
Vanguard MSCI Index International Shares ETF (ASX: VGS)
A final ASX ETF that could be a great option for investors in July is the Vanguard MSCI Index International Shares ETF.
It provides investors with access to approximately 1,500 of the world's largest listed companies from major developed countries.
Vanguard highlights that investing internationally offers greater access to sectors such as technology and health care that aren't as well represented on the Australian share market.
Among the ETF's holdings are global giants from a range of industries. This includes Apple, Johnson & Johnson, JP Morgan, Nestle, and Visa.
