Understanding a changing market

As the ETF marketplace evolves, so too must investor understanding

Exchange traded funds (ETFs) are one of the fastest-growing global investment products and the market looks set to continue its impressive expansion. Since they were first introduced around 15 years ago, ETFs have evolved from simply tracking indices such as the S&P 500 or FTSE All Share. Over the past 18 months in particular, there has been a great deal of innovation in the ETF market. A high number of new product listings and product innovation has meant the first generation of ETFs (purely passive trackers) have evolved to provide a range of investors with the ability to construct tail...