Rapid economic development and a young population provide Indonesia with perfect ingredients for a thriving mutual fund industry. Investors particularly put an eye at Exchange Traded Fund (ETF), an investment fund that tracks an index, specific asset or basket of assets to which it is pegged because it offers inexpensive loads and require no minimum investment. Given the growing popularity of this passive investment method, the question now leads to why passive portfolio management is interesting. This book gives you the answer as well as real case of a method used in passive investment called index-tracking. Using this method, investors can hold only a few stocks while gaining advantage of replicating the whole index performance. The method is applied in Indonesia Stock Exchange (IDX) index with performance benchmarking to Markowitz optimisation method.