NEW YORK ( TheStreet) -- Welcome to Don Dion's "ETF Winners and Losers." Be sure to stop by throughout the week to find out which ETFs are gaining or losing.
iShares MSCI Italy Index Fund (EWI) 4.3%
EU leaders are convening in Brussels to sort out a solution to the ongoing economic crisis that has gripped the region. As indicated by the upward action seen from EWI, the iShares MSCI France Index Fund (EWQ) and iShares MSCI Germany Index Fund (EWG), the markets are showing confidence as we head into the weekend. Still, I encourage investors to steer clear of this corner of the developed world.
iShares MSCI South Africa Index Fund (EZA) 3.8%A collection of emerging market ETFs can be found towards the top of the winners list as broad upward action reignites investor appetite for risk. EZA, iShares MSCI Indonesia Investable Market Index Fund (EIDO), iShares MSCI Turkey Investable Market Index Fund (TUR) and Guggenheim China Small Cap Index ETF (HAO) are among the biggest movers. Global X Copper Miners ETF (COPX) 2.8% Copper producers are gaining ground, helping COPX recover some of the losses suffered during Thursday's sell-off. The futures-linked iPath Dow Jones UBS Copper Subindex Total Return ETN (JJC) is climbing as well. The PowerShares Dynamic Networking Fund (PXQ) is another industry-linked fund scoring gains.