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The Best-Performing ETFs of 2008

Stock quotes in this article: TLT , BBH , FXY , FXF , XBI , BMY , XPH  

"Ultra-short" set the style in 2008 in top-performing exchange-traded funds.

Since ETFs offer lots of "inverse" funds, which rise when indices fall and vice versa, those topped the list during the dismal year that just ended. Inverse-leveraged funds, which use borrowed money to amplify gains, did even better.

Of 620 ETFs tracked by TheStreet.com Ratings for which complete 2008 returns are available, 71 managed to avoid the maelstrom that brought down many popular equity indices by 30% or more. Most of the winners were inverse funds. ...

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