Greater choice through ETFs

A lot has been written about the theory of exchange traded funds (ETFs), but very little about investing in them. They have not been around that long, least of all this side of the Atlantic and they were originally targeted at institutional rather than individual investors. There are also no front-end fees to attract big marketing budgets. Investment trusts generally have much more specific mandates than the broad asset classes favoured by the mass-market clientele of unit trusts in the UK. The same applies to closed-ended versus mutual funds in the US. Nevertheless, there are few list...