ETFs are an essential item in every portfolio manager's tool box

etfs and trackers

While it is not wise for investors to invest significant amounts of their money in passive funds, ETFs are very useful for adding a tilt or flavour to an actively-managed portfolio

One of the worst things about using a recipe book is the overwhelming feeling of inadequacy when faced with the initial page instructing the reader to use only the best ingredients and the list of a large selection of exotic larder essentials that no kitchen should be without. While this emphasis on ingredient quality is not always practical or even desirable, most would agree that before embarking on any culinary odyssey, it is advisable to at least know what the ingredients are. It is a sad fact that such obvious common sense is often forgotten when one enters the archaic world of invest...