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 Israel Capped Investable Market Index Fund
Global economic uncertainty has weighed heavily on the Israel ETF throughout August. Since the start of the month, the fund has stuck to a steep downward path, revisiting levels last seen in mid-2009.
Monday's rally is notable. However, I urge investors to exercise caution here. Aside from its steep decline, EIS is notably top heavy. With over 22% of its portfolio set aside for
, the fund will be heavily influenced by the firm's day-to-day action.
Global X Silver Miners ETF
Precious metals producers such as those underlying SIL and
Market Vectors Gold Miners ETF
are powering higher, benefited by both the market's strength, and continued interest in safe-haven asset classes.
GDX is currently trading around 2011 highs. It will be interesting to see if it can remain buoyed at this level.
iShares MSCI Italy Index Fund
The EU markets are starting off the new week on a strong note, as ETFs linked to troubled nations like Italy and Spain witness industry-leading gains.
Non-euro members of the European continent are benefiting as well.
iShares MSCI Sweden Index Fund
was up over 3% in early afternoon trading.
Market Vectors Vietnam ETF
Emerging nations are getting a lift as broad market strength drives investors back into risky corners of the global marketplace.
Upward action can be seen from developing nations across the globe. VNM and
Market Vectors Poland ETF
are among the biggest movers.
Guggenheim China Small Cap ETF
While a number of emerging markets are head higher, small cap China-based companies are running into headwinds, pushing HAO to its fifth consecutive day of losses.
Although HAO is considerably more volatile than large cap China ETFs such as
iShares FTSE China 25 Index Fund
, I still consider this fund to be the strongest option for investors looking to tap into the nation's consumer class.