ETFs have in recent years grown in prominence as an investment vehicle, mainly due to its lower costs. With increasing product depth, investors can invest not just in different geographical regions such as Asia, Emerging Markets, Latin America, but they can also have access to sectors and themes such as healthcare, technology and infrastructure

Index funds are essentially ETFS that mirror an index's performance although they trade once a day instead of being traded live on a stock exchange. By and large they have the same low cost characteristics as ETFs.

There is a good range of index funds available, to cater to investors and wealth advisers who believe in passive management, and in minimising the fees charged by the fund managers.