Dion's Wednesday ETF Winners and Losers
NEW YORK (TheStreet) -Welcome to Don Dion's Daily ETF Winners and Losers. Be sure to stop by each day to get a feel of who's winning and who's losing when it comes to ETFs.
Winners
iShares MSCI Spain Index Fund
(EWP) - Get Report
5.8%
After being punished throughout much of the past few weeks, the Spain ETF is at last gaining some ground, as market strength displaces euro sovereign debt concerns.
Given the storms still surrounding the most debt-laden members of the EU, there is still a chance that EWP will face pressure in coming weeks and months. I do not consider EWP to be an appropriate long-term position at this time.
Market Vectors India Small Cap Index ETF
(SCIF) - Get Report
5.4%
Internationally, a diverse collection of markets, both developed and emerging are also ratcheting higher. Across the ETF realm, the small cap-focused SCIF is one of the biggest gainers. The large-cap focused
WisdomTree India Earnings ETF
(EPI) - Get Report
is gaining as well.
Among Asia-related ETFs,
Market Vectors Indonesia ETF
(IDX) - Get Report
,
Market Vectors Vietnam ETF
(VNM) - Get Report
, and
Guggenheim China Real Estate ETF
(TAO) - Get Report
are also seeing respectable gains.
ETFS Physical Palladium Shares
(PALL) - Get Report
5.4%
Palladium is leading the precious metals industry higher as evidenced in the strong gains by ETFS Physical Palladium Shares. In the absence of a automotive pure play ETF, funds such as PALL, and
ETFS Physical Platinum Shares
(PPLT) - Get Report
can be used as effective proxies. Because of their involvement in the production of catalytic converters, these members of the platinum group of metals tend to follow the industry's actions.
Market Vectors Coal ETF
(KOL) - Get Report
4.0%
Coal is heading higher, continuing along the upward path it has stuck to throughout the autumn months.
Optimism regarding the state of the global economic recovery bodes well for coal and other industries which will benefit from growth. As long as the markets can hold onto positive gains, KOL should remain strong.
Losers
iPath S&P 500 VIX Short Term Futures ETN
(VXX) - Get Report
-4.9%
A strong start to December is leading the fear-based VIX ETNs to tumble. Although its downturn is less drastic, VXX's sister-fund
iPath S&P 500 VIX Mid-Term Futures ETN
(VXZ) - Get Report
is getting knocked around today as well.It will be interesting to watch these funds as we head into the close of the year.
iShares Barclays 20+ Year Treasury Bond Fund
(TLT) - Get Report
-1.9%
Risk appears to be in vogue, leading investors to abandon the protection of long-term U.S. Treasuries. Increasing investor confidence is boding well for
ProShares UltraShort 20+ Year Treasury Bond Fund
(TBT) - Get Report
, which is gaining 3% in early afternoon trading.
All prices as of 2:15 PM EST
Written by Don Dion in Williamstown, Mass.
At the time of publication, Dion Money Management was not long any of the equities mentioned.
This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.