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.
Market Vectors Rare Earth/Strategic Metals ETF (REMX) 4.2%
On Tuesday morning, investors were greeted to news that China was planning to reduce the amount of rare earth metals it was planning to export in 2011 by 11%. In response to this news, industry leader Rare Element Resources (REE) took off. Early this afternoon, the firm was up nearly 15%.
Although the fund has cooled off a bit due to the sharp reversal from fellow holding Molycorp (MCP), REMX is still up considerably.Market Vectors Junior Gold Miners ETF (GDXJ) 5% This week is shaping up to be a jittery one as all three major U.S. indices trade in a shaky manner. Such a scenario bodes well for precious metals and the companies responsible for producing them. On Tuesday, the smaller, volatile junior gold miners were leading the industry higher. Physically backed funds such as iShares Silver Trust (SLV) were up as well. iShares MSCI Indonesia Investable Market Index Fund (EIDO) 1.9% Although China's markets are heading lower today, elsewhere across Asia, nations are getting a lift. Indonesia, in particular, is seeing gains today, benefiting from an optimistic deficit forecast form the nation's finance minister. Despite today's lift, investors should continue to exercise caution when venturing into Indonesia ETFs such as EIDO and Market Vectors Indonesia ETF (IDX). The volatile nature of emerging markets may be inappropriate for risk adverse investors.