Exchange-traded funds, or ETFs, have exploded on Wall Street. They are rapidly replacing mutual funds as the smartest packaged investment products available to investors. ETFs are tax efficient and they allow you to target your capital into razor sharp slices of global markets and sectors.

But how can you safely choose the best ETFs from a blizzard of more than 400 choices available today? Don't miss this FREE special report from Forbes' newest partner, Jim Lowell. He's a fund expert, Forbes magazine ETF columnist, and editor of The Forbes ETF Advisor .

In this FREE report he explains his proprietary quantitative approach to finding and choosing the top performing funds and shows you how to avoid dangerous ETF investor traps.

• Which ETFs offer the highest potential returns with the lowest risk?



• Should you buy the iShares NYSE Composite (NYC), which is a large-to mega-cap play on U.S. multinationals or instead focus on emerging markets such as the Middle East and Africa by buying the SPDR Emerging Middle East & Africa (GAF)?