A type of special investment portfolio in which an investor, with or without the aid of an investment advisor, invests solely in exchange traded funds (ETFs). (investopedia.com)
Who wouldn't want to tell their friends and family that they have access to extra special investment managers who are able to invest in assets that aren't publicly - traded? (definefinancial.com)
Though you want to have your money primarily invested in index funds and income producing assets, you should also plan on having a minority percentage allocated to special investment situations. (investorjunkie.com)