Features

Book review: The Ultimate ETF Guidebook

Book review: The Ultimate ETF Guidebook How ETFs evolved from simple funds that tracked the main indices to more complex smart-beta funds that attempt to beat the market.

The Ultimate ETF Guidebook: A Comprehensive Guide to the World of Exchange-Traded Funds

By David Stevenson and David Tuckwell, published by Harriman House (£35)

Buy on Amazon

The last two decades have seen a dramatic move away from traditional actively managed funds in favour of passive investments, such as exchange-traded funds (ETFs), that can be bought and sold like shares on a stock exchange. This flexibility has won ETFs many fans. MoneyWeek contributor David Stevenson and David Tuckwell are among them.

The authors look at how ETFs have developed over the last 20 years, evolving from simple funds that tracked the main indices to more complex smart-beta funds that attempt to beat the market while keeping costs low. The pair then spend around 70 pages looking at the best ETFs for each major market and asset. Then they look at how to build a complete portfolio, concluding with a list of what they see as the best products.

The book is aimed at two types of readers: those who want to learn more about ETFs in general, and those who are looking to buy an ETF, but are unsure about which specific one to buy. The first type of reader will enjoy Stevenson and Tuckwell's simple, to-the-point explanations of the underlying concepts. However, even if you already understand the concepts, you will like the duo's frank commentary about the strengths and weakness of various indices and products. This is a useful book for both those new to investing and those who are more experienced.

Recommended

Why aircraft leasing funds look attractive now
Investment trusts

Why aircraft leasing funds look attractive now

Aircraft-leasing funds crashed during the pandemic, David C. Stevenson explains why the outlook for these funds may be improving.
15 Aug 2022
Why the market is wrong about private equity
Investment trusts

Why the market is wrong about private equity

When it comes to listed private-equity trusts, investors are overly sceptical, with many funds trading at heavy discounts to their net asset values. B…
9 Aug 2022
Asia: long-term opportunities amid short-term noise
Advertisement Feature

Asia: long-term opportunities amid short-term noise

In a tough first half of the year for financial markets, Asia has struggled more than most. But that weakness may represent an opportunity for invest…
26 Jul 2022
Analysis: it’s been a terrible six months for investment trusts
Investment trusts

Analysis: it’s been a terrible six months for investment trusts

The first half of the year has not been kind to investment trusts because of their skew towards growth stocks and the global downturn, says Max King. …
25 Jul 2022

Most Popular

Are UK house prices set to fall? It’s not so simple
House prices

Are UK house prices set to fall? It’s not so simple

Figures suggest UK house prices are starting to slide, but we shouldn’t take these numbers at face value, explains Rupert Hargreaves.
11 Aug 2022
The energy price cap keeps rising - here is what you can do about it
Personal finance

The energy price cap keeps rising - here is what you can do about it

The energy price cap could hit as high as £5,000 next year, even higher than expected, predicts energy consultancy Auxilione. Saloni Sardana explains …
12 Aug 2022
Is gold cheap relative to equities?
Gold price

Is gold cheap relative to equities?

Dominic Frisby looks at the Dow-gold ratio and explains why gold is starting to appear inexpensive compared to equities.
12 Aug 2022