Just a few years after exchange-traded funds exploded on the scene, there's a product to suit nearly every investor's taste and risk appetite. Whether you want to get some emerging markets into your portfolio or want slightly higher-yielding cash, there's an ETF out there for you.

ETFs are traded on the Australian Securities Exchange like stocks and primarily track indices. They are much loved by retail investors for their low cost, although newer iterations are shedding the "passive" and "low fee" characterisation.