3/30/2024 0 Comments Best performing mutual funds 2008![]() ![]() This was to be expected as these are two classically defensive industries in which demand is relatively unaffected by the overall economic climate. Not surprisingly, the top-performing equity-focused ETFs came predominantly from funds offering exposure to the health-care and biotechnology sectors. We also examined which funds gathered the most assets throughout the year. While the New Year is a perfect time to look ahead and plan accordingly for what we think is in store for 2009, we first thought it would be interesting to take a look back at 2008 to see which ETFs were the top performers in their respective categories. ![]() Despite the huge inflows that ETFs enjoyed during the year, assets under management still fell about 7% year over year-simply a function of the broad-based declines in the markets. Scott Burns, director of ETF Analysis wrote an article at the end of September discussing some theories as to why there has been such a divergence in asset flows between ETFs and their open-end mutual fund brethren. In 2008, ETFs experienced total cash inflows of approximately $160 billion, with much of the action occurring in the back half of the year when fear trumped greed and markets went into panic mode.
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