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The first thing you want to do when picking tracker funds is to minimize fees. Look for the management fees ("expense ratios") to be low, around 0.2 percent, and you'll be fine. Really, anything lower than 0.75 percent is okay. Most of the tracker funds at Vanguard, Fidelity, and HSBC have relatively low costs. Remember: Expense ratios are one of the few things you can control, and higher fees cost you dearly--and they just put money in Wall Street's pocket.