Exchange Traded Funds (ETFs) are described in the FT Guide by David Stevenson, as “an investing revolution” that has literally swept the States. “Challenging modern investment principles such as individual stock selection…By tracking an index, focusing on themes and sectors and helping assess risk they are fast becoming a key investment vehicle.”
Asset class investing is probably one of the most significant growth opportunities in the financial sector. Numerous financial organisations including Vanguard have sung their praises in recent years.
The question for Tom and the Team is, when will ETFs be available to MF investors, what are the costs likely to be and what choice will there be in relation to sectors etc? I am aware that take-up of the Accessible Portfolios has gone ballistic and there are currently massive demands on the team, so a ballpark ETA would be great.