Treasury ETFs and Currency ETFs Lead the Pack in ’08

The WSJ’s John Spence summarized the 2008 performance of the ETF and ETN market last week.

In the column Few Bright Spots for ETFs and ETNs, Spence points out that, since most ETFs are tied to stocks, we shouldn’t be suprised that ETFs had the same kind of year that stocks did. For example, the SPDR S&P 500 ETF (SPY) lost 37% in 2008.

A bright spot in the ETF market was treasuries. The Vanguard Extended Duration Treasury ETF (EDV), which tracks an index of U.S. Treasury Securities with maturities ranging from 20 to 30 years, gained 55% in 2008.

See the ETF Directory for a complete listing of long term fixed income ETFs.

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