Dion's Friday ETF Winners and Losers

Precious metal ETFs were rising on today's weak jobs report.
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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 COMEX Gold Trust

(IAU) - Get Report

+0.7%

Precious metal funds such as IAU performed positively in today's market. Investors still treat the yellow metal as a safe bet, especially in light of negative unemployment data. Wednesday's ADP report concluded that the private sector added only 42,000 jobs in July and today's report showed only 71,000 private sector jobs.

CurrencyShares Japanese Yen Trust

(FXY) - Get Report

+0.9%;

CurrencyShares Euro Trust

(FXE) - Get Report

+0.7%;

CurrencyShares Swiss Franc Trust

(FXF) - Get Report

+0.7%

Foreign currencies such as the Swiss Franc are turning higher today as the U.S. dollar tumbles. After bottoming out in early June, the Swiss Franc has steadily advanced versus the U.S. dollar over the course of the past two months. The yen is near a 15-year high, while the euro has erased all of its losses going back to the start of May. Meanwhile, the dollar index dropped to an eight-month low.

Losers

SPDR KBW Regional Banking

(KRE) - Get Report

-2.8%

The banking economy is inherently sensitive to market fluctuations, and this regional banking fund has underperformed as of late. The less-than- stellar unemployment statistics are bad news for new loan growth and the servicing of existing mortgages.

Rydex S&P SmallCap 600 Pure Value

(RZV) - Get Report

: -2.3%

Although

Quiksilver

(ZQK)

, the fund's largest holding, enjoyed a solid start to the week, its notable 6.5% drop has been dragging RZV down today.

Meanwhile, RZV's second largest holding,

Tuesday Morning

(TUES) - Get Report

also fell in value, down 1.9%; earlier today, the company announced a recall of 1,900 wrought iron benches due to hazardous removable parts.

Data as of 2 p.m.

-- Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion Money Management was long iShares Comex Gold Trust.

Don Dion is president and founder of

Dion Money Management

, a fee-based investment advisory firm to affluent individuals, families and nonprofit organizations, where he is responsible for setting investment policy, creating custom portfolios and overseeing the performance of client accounts. Founded in 1996 and based in Williamstown, Mass., Dion Money Management manages assets for clients in 49 states and 11 countries. Dion is a licensed attorney in Massachusetts and Maine and has more than 25 years' experience working in the financial markets, having founded and run two publicly traded companies before establishing Dion Money Management.

Dion also is publisher of the Fidelity Independent Adviser family of newsletters, which provides to a broad range of investors his commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds. With more than 100,000 subscribers in the U.S. and 29 other countries, Fidelity Independent Adviser publishes six monthly newsletters and three weekly newsletters. Its flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years and reaches 40,000 subscribers.