The last two decades have seen a dramatic move away from traditional actively managed funds in favour of passive investments, such as exchange-traded funds (ETFs), that can be bought and sold like shares on a stock exchange. This flexibility has won ETFs many fans. MoneyWeek contributor David Stevenson and David Tuckwell are among them.
The authors look at how ETFs have developed over the last 20 years, evolving from simple funds that tracked the main indices to more complex smart-beta funds that attempt to beat the market while keeping costs low. The pair then spend around 70 pages looking at the best ETFs for each major market and asset. Then they look at how to build a complete portfolio, concluding with a list of what they see as the best products.