You know that old iPhone ad where the answer to every question is: there’s an app for that?
Well, if you’re confused by exchange-traded funds (ETFs), just think along those same lines. Want broad exposure to an index? There’s an ETF for that. Looking for a way to invest overseas? There’s an ETF for that. Keen to track commodities like oil or, dare I say it, gold? There’s an ETF for that. There are ETFs for small caps, currencies, bonds and pretty much everything else you can think of. There are even ETFs that don’t actually act like ETFs – “actively-managed” ETFs.