Record low interest rates are driving a radical shift in the way Australians save and invest their money.

With money stashed in the bank earning only about 1 per cent – if you’re lucky – many are turning to the sharemarket, in hopes of higher returns. 

One of the ways they’re doing it is via Exchange Traded Funds, or ETFs, which have just celebrated 20 years in the Australian market.

Today on Please Explain, personal finance editor John Collett joins Jess Irvine to discuss.