Passive market moves on

Are ETFS taking the place of traditional index-tracking funds?

ETFs have taken the UK market by storm lately by positioning themselves well to capitalise on the apparently limitless demand for commodities. However, they remain relatively little-used by advisers because their structure does not allow for commission to be taken. But with the introduction of wraps and more advisers moving to a fee-based model, ETFs are becoming a viable investment option. What are the main advantages? Or should advisers stick with traditional passive funds? Passive funds structured as unit trusts have been the default choice for advisers because they can build in commis...