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If you're thinking of using exchange-traded funds in your portfolio, there are thousands to choose from in North America. How do you go about figuring out which ones to buy? What are the pitfalls you should be worrying about? How do they compare with mutual funds?

Oliver McMahon, director of product management at iShares Canada, took your questions in a live discussion.

Just click on the live blog box below to replay the discussion. If you're seeing this on a smartphone, you might prefer to use this link.

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Mr. McMahon has been with BlackRock since 1997. He spent four years as a portfolio manager with the firm's Canadian equity hedge fund team and five years managing the Ascent UK quantitative equity strategies in London, England. He received his Chartered Financial Analyst charterholder designation in 2003 and holds a Bachelor of Arts (Honours) in Business Economics from the University of East London, England.

<iframe src="" scrolling="no" height="650px" width="460px" frameBorder ="0" allowTransparency="true" ><a href="" >ETFs in your portfolio: Tips and tricks</a></iframe>

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