Dion's Monday ETF Winners and Losers
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.
iPath S&P 500 VIX Short Term Futures ETN (VXX) 2.9%
Whatever confidence investors held heading into the weekend has been dashed as investors refocused their attention towards Europe's economic woes. In response to renewed jitters, the fear-tracking VIX index has regained ground, pushing VXX and other linked exchange-traded products higher.
Investor sentiment continues to swing at a moment's notice. Caution is warranted here.iShares Barclays 20+ Year Treasury Bond Fund (TLT) 1.2% As the global markets start out the new week on a sour note, investors are clamoring for exposure to safe haven asset classes. TLT and the PowerShares DB U.S. Dollar Index Bullish Fund (UUP) are some of the few exchange-traded products heading higher in this choppy market environment.
LosersWisdomTree India Earnings ETF (EPI) -5.6% Emerging markets are falling out of favor as investors kick off the week on a choppy note. BRIC nations such as India and Russia are leading the way lower, indicated by the standout losses from EPI and the Market Vectors Russia ETF (RSX) (RSX). With Monday's losses, EPI has returned to previous 2011 all time lows. iShares MSCI Austria Investable Market Index Fund (EWO) -5.4% Investors expressed confidence towards Europe heading into the weekend as leaders met in Brussels to sort out a solution to the region's ongoing economic crisis. This optimism, however, appears to have been dashed at the start of the week, with funds like EWO, iShares MSCI Spain Index Fund (EWP) and iShares MSCI Germany Index Fund (EWG) slide to heavy losses. With sentiment shifting from headline to headline, it is easy to become exposed to losses. Steer clear of this region. iShares Dow Jones U.S. Oil Equipment & Services Index Fund (IEZ) -4.9% As fear makes a comeback, investors are steering clear of growth-correlated market sectors. Energy producers are among the shunned industries, leading IEZ and the First Trust ISE Revere Natural Gas Index Fund (FCG) to heavy losses. December has been rough for IEZ. During the opening weeks, the fund has seen only two days of strength. Global X Silver Miners ETF (SIL) -4.4% Materials producers are being shunned as investors avoid risk in this choppy market environment. As a result, ETFs like SIL and the SPDR S&P Metals & Mining ETF (XME) are tumbling to industry-leading losses.
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