Author(s): Colin Davidson and Russell Wild

Business & Finance

Exchange-traded funds (ETFs) offer access to a range of investments in a single trade, are less volatile than individual stocks, cheaper than most managed funds and subject to minimal taxation. But how do you pick the one that s right for you? This straightforward book helps you weigh your options, build a lean, mean portfolio and maximise your profits. * Get to know the major players in Australia and New Zealand find a broker, open an account and familiarise yourself with suppliers and indices * Understand risk control and diversification learn the importance of a diversified, lowly-correlated portfolio, and how ETFs can help you achieve this * Manage small, large, sector and international investments take advantage of returns in local markets and invest directly in US-listed ETFs * Add bonds and REITs and other ETFs secure consistent yields and add property to your investment portfolio * Invest smartly in commodities and precious metals tap into the returns offered by Australian commodities * Work non-ETFs into your investment mix improve returns through careful selection of active managed funds * Take advantage of sample portfolios work out the right portfolio mix for you, based on your attitude to risk * Fund your retirement years determine how much you need for retirement, and how ETFs can get you there