From Seekingalpha.com: The best performing ETF/ETN of 2008 gained +484%. However, it has escaped the attention of investors and it doesn’t show up on most of the “best of” lists. That’s because the best performing ETF/ETN of 2008 was an IPO.
Sometimes it’s all about the product. Sometimes it’s all about timing. The best performing exchange-traded product of 2008 had both going for it – it was the right product at the right time, and it also had the right leverage….. Full Article: Source