Passive funds are a good way to get broad exposure to a wide range of asset classes at a low cost. They are particularly useful in markets where active managers struggle to beat the main indices, for example US equities. And so-called smart-beta exchange traded funds (ETFs) are increasingly a good way to take more tactical approaches in broad markets or mimic active investment styles - again at a lower cost than active funds.
We have set out 10 passive fund suggestions spanning five categories: equities for growth, equities for income, fixed income, commodities and smart beta.