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.
Market Vectors Brazil Small Cap Index ETF (BRF) 2.7%
Investor attention turned to Brazil at the start of the day following news of a surprise rate cut. In response to the government's action, Brazil's markets have witnessed a jump with the small-cap companies leading the way higher.
Brazil's strength is helping to power other Latin America-focused ETFs higher as well. The broad-based iShares S&P Latin America 40 Index Fund (ILF) is another one of the day's notable winners.Market Vectors Vietnam ETF (VNM) 1.4% Vietnam's markets are seeing an impressive run up, pushing VNM to its fifth consecutive day of gains. This multi-day rally has helped the fund rise above its 50-day moving average for the first time since February. It will be interesting to see if it can continue higher in the days ahead. CurrencyShares Swiss Franc Trust (FXF) 1.5% After a few weeks of stumbling, the Swiss franc is again powering higher, leading FXF to lock in its second day of gains. Although this component of the currency markets has become a popular destination amongst fearful investors, I have urged investors to exercise caution here. The threat of intervention from the Swiss National Bank could make for choppy action in the near term.