Exchange-traded securities that invested in platinum, copper and other precious metals were among the top performers in February.
Each month, TheStreet.com Ratings looks at
that generated the biggest returns. Last month, the
SPDR S&P 500
fell 11%, while the Nasdaq 100-tracking
PowerShares QQQ Trust
declined 5.3%. Clearly, few stock strategies worked.
Funds that bet
climbed as much as 62% with the
Direxion Small Cap Bear 3X Shares
fund leading the group. Excluding so-called
, the 10 best-performing ETFs from Jan. 30 to Feb. 27 are listed below.
B2B Internet HOLDRs Trust
led the bullish funds, returning 17% for the month. This fund has two holdings left:
Internet Capital Group
, accounting for 91% and 9% of assets, respectively. Shares of Ariba, which sells risk-management software to businesses, climbed 15% last month after reporting its third-straight quarterly earnings gain.
Six of the 10 securities listed are "exchange-traded notes," or ETNs. They're similar to ETFs, except they track their underlying indexes without owning the member stocks or commodities.
The best-performing ETN,
ELEMENTS Linked to the MLCX Precious Metals Index
rose 8.7% on gains in precious metals prices. These notes were issued by
, which assumes the risk of the portfolio's value dropping below the index level.
E-TRACS UBS Long Platinum ETN
iPath Dow Jones-AIG Platinum Total Return Sub-Index ETN
, which follow platinum indexes, returned more than 8%. Platinum rose 8.7% in February to $1,073.50 an ounce.
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Kevin Baker became the senior financial analyst for TSC Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering mutual funds. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.