NEW YORK ( TheStreet) -- Welcome to Don Dion's Daily ETF Winners and Losers. Be sure to stop by each day to get a feel of who's winning and who's losing when it comes to ETFs.
Global X Copper Miners ETF (COPX) 3.1%
Monday started off on a strong note, helping copper miners powering forward. Increasingly, fund companies are turning to the base metals industry in hopes of attracting interest in this aspect of the materials industry.
JPMorgan and Van Eck have both announced new products aimed at industry-linked metals. JPMorgan's JPMorgan Physical Copper Shares will provide investors with exposure to a physical stockpile of copper while Market Vectors Rare Earth/Strategic Metals ETF (REMX) will track a basket of companies involved in the production of rare earth elements.iShares MSCI Taiwan Index Fund (EWT) 2.7% A group of Asian-nation focused ETFs are gaining ground today as well. EWT and the Market Vectors China ETF (PEK) are two of the biggest movers. Hon Hai Precision is gaining nearly 4% today after announcing its plans to spend $2 billion on a new plant in Western China. Hon Hai is EWT's second largest holding, accounting for nearly 9% of its total portfolio. iShares MSCI Australia Index Fund (EWA) 2.6% Following strength from the base metals and broad markets, a number of other materials-heavy funds are heading higher as well. Due to their heavy exposure to miners, EWA and Market Vectors Coal ETF (KOL) benefit during times of economic optimism. Within the realm of precious metals, palladium prices are heading higher as well, helping to power the ETFS Physical Palladium Shares (PALL) higher.