NEW YORK ( TheStreet) -- Welcome to Don Dion's "Daily ETF Winners and Losers." Be sure to stop by each day to find out which ETFs are gaining or losing.
iShares MSCI Indonesia Investable Market Index Fund (EIDO) 8.1%
Emerging markets are benefiting from the market's turnaround as we approach the close. Strength can be felt around the globe as indicated by the upward action witnessed from EIDO, Market Vectors Poland ETF (PLND) and iShares MSCI South Africa Index Fund (EZA).
Despite today's strength, I encourage investors to use discretion when handling emerging market ETFs since they are inherently volatile and can add unnecessary risk when used in excess.iShares MSCI Sweden Index Fund (EWD) 6.7% While the emerging markets are leading the pack, ETFs linked to developed corners of the globe are witnessing strength as well. Products designed to track European nations that reside outside of the EU such as EWD and Global X Norway ETF (NORW), are seeing the biggest gains. Euro-bloc countries are getting a lift, too. The iShares Germany Index Fund (EWG) and iShares MSCI Spain Index Fund (EWP) are both up over 4.5%. iShares S&P North American Technology-Multimedia Networking Index Fund (IGN) 6.0% A strong earnings report from Cisco (CSCO) is sending the stock soaring over 16.5% during early afternoon trading. This upward action, combined with the broader market's strength, is boding well for IGN. The fund lists CSCO as its top holding, accounting for nearly 10% of its portfolio.