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 Gold Trust (IAU) 1.5%
Safe haven asset classes are taking a hit, indicated by the nearly 1.5% losses seen from the iShares Barclays 20+ Year Treasury Bond Fund (TLT). Meanwhile, gold is pushing higher, sending IAU and the SPDR Gold Shares (GLD) to the winners list.
Gold miners are lagging, meanwhile. The Market Vectors Gold Miners ETF (GDX) is unchanged.United States Oil Fund (USO) 1.5%. Oil futures are heading higher as we approach the middle of the week. The alternative energy industry is gaining as well, pushing the Guggenheim Solar ETF (TAN) to its fifth day of upward action. As the broad marketplace attempts to maintain its strength, the volatile fund has managed to break to new 2012 highs and recover to levels last seen in late-October. WisdomTree Japan Hedged Equity Fund (DXJ) 1.3% Japanese equities are heading higher, pushing broad-based funds like the iShares MSCI Japan Index Fund (EWJ) to strength. The yen's losses, however, is helping to contain any upward action. Investors who opt to venture into Japan's markets using DXJ are better suited for a weak-yen environment. The fund is specifically designed to defend against dollar-yen fluctuations. Strength can be found in other corners of the developed world as well. The iShares MSCI Italy Index Fund (EWI) is recovering a good portion of yesterday's losses.