Originally, ETPs combined the cost-efficient, benchmark replication strategy of equity index funds with the listed, intra-day tradability of shares. As the market has matured, ETPs have expanded to cover exposure to an increasing number of asset classes.

Now, along with providing equity benchmark replication, ETPs also offer investors the ability to diversify their portfolio by providing exposure to assets previously difficult to access.

This guide explores the different types of exchange traded products available, pros and cons of replication strategies, regulation of this product and the direction this type of investment is heading in.

Advisers will also learn how to select the most suitable exchange-traded product for their client and what part it should play in an investment portfolio.

Supporting material from; Frank Spiteri, head of distribution of ETF Securities; Ben Thompson, director of business development, listed products and ETF UK of Lyxor; Ben Seager-Scott, senior research analyst at Bestinvest; iShares; Hortense Bioy, director of passive funds research at Morningstar and Morningstar’s European passive fund analyst team.

This guide is sponsored by iShares. All editorial is independent.