The good thing about exchange traded funds (ETFs) is that there is something for everyone out there.
Whether you're a growth investor, income investor, or someone that just wants to invest in an index, you will find that there's an ETF out there that fits your investment goal.
Let's take a look at three such examples now that could be good options in October. They are as follows:
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BetaShares Global Cybersecurity ETF (ASX: HACK)
For growth investors, there is the BetaShares Global Cybersecurity ETF.
It provides investors with access to the leading players in the global cybersecurity industry. This could be a great place to invest over the long term. That's because this side of the tech sector is predicted to grow significantly in the future as demand increases.
Betashares notes that "an estimate of the total addressable market by McKinsey suggests that the cybersecurity market is $1.5-$2.0 trillion globally." However, it is nowhere near that size at present. It adds that it is "at best only 10% penetrated with a very long runway for growth."
The fund manager expects this to lead to cybersecurity revenue growing at an annual rate of 10.6% through 2024 to 2028. This bodes well for the companies held by the fund, which includes Accenture Plc (NYSE: ACN) and Palo Alto Networks Inc (NASDAQ: PANW).
iShares S&P 500 ETF (ASX: IVV)
If you're just looking to invest in an index, then the iShares S&P 500 ETF could be the way to do it.
As you might have guessed from its name, this fund gives investors easy access to the 500 largest companies on Wall Street. This means that you will be gaining exposure to world-class companies such as Apple, Nvidia, Tesla, McDonalds, Walmart, and Nike.
The fund manager, iShares, notes that investors can "use [the ETF] to diversify internationally and seek long-term growth opportunities in your portfolio."
Vanguard Australian Shares High Yield ETF (ASX: VHY)
Finally, if you are an income investor, then the Vanguard Australian Shares High Yield ETF could be an ASX ETF to buy.
It uses broker research to find around 70 ASX shares that are forecast to have bigger dividend yields compared to the market average.
But it doesn't just load up on banks and mining giants. The fund has diversity in mind and its holdings come from all corners of the Australian share market. This includes the likes of BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA), Dicker Data Ltd (ASX: DDR), and Telstra Group Ltd (ASX: TLS).
The Vanguard Australian Shares High Yield ETF currently trades with a dividend yield of 4.85%.
