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Dion's Monday ETF Winners and Losers

China's decision to allow the yuan to appreciate vs. the dollar sent China-focused ETFs higher.
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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

Claymore/AlphaShares China Real Estate ETF (TAO) - Get Report 4.2%

Just ahead of the G20 meeting, China has announced their decision to make the yuan more flexible and allowed it to appreciate slightly vs. the U.S. dollar. This surprise move sent China-focused ETFs of all walks higher. Although as evidenced by TAO and

Global X China Financials ETF

(CHIX) - Get Report

, financials and real estate industries saw the strongest boosts, broader ETFs like

SPDR S&P China ETF

(GXC) - Get Report

and even

Claymore/AlphaShares China Small Cap Index ETF

(HAO) - Get Report

have benefited from the news as well.

Market Vectors Steel ETF (SLX) - Get Report 3.5%

SLX, SPDR S&P Metals & Mining ETF

(XME) - Get Report

,

iPath Dow Jones-UBS Copper Total Return Subindex ETN

(JJC) - Get Report

, and

Market Vectors Coal ETF

TST Recommends

(KOL) - Get Report

were big gainers among a broad basic materials rally brought on by today's news of the yuan's revaluation.

Throughout the global economic recovery, China's insatiable appetite for energy and resources has buoyed these funds. Investors will want to continue to keep a close watch on this nation's economic growth.

iPath Dow Jones-UBS Sugar Total Return Subindex ETN (SGG) - Get Report 3.3%

An optimistic outlook for demand is helping to power sugar prices higher at the start of this new week. In recent days SGG has managed to break through and sustain levels above its 50-day moving average: a point last tested in mid February prior to the fund's breakdown.

Since May, SGG has scored higher lows and higher highs, indicating what could be the start of an upward trend. This fund remains volatile, however, and should be approached with extreme caution.

Market Vectors Russia ETF (RSX) - Get Report 2.9%

While China is getting all of the press today thanks to news of its currency revaluation, Russia is another emerging market powering higher. RSX rally on Monday has brought the fund back through its 200-day moving average just as the 200- and 50-day moving averages were on the cusp of converging into what technical analysts call a "death cross." Investors of a technical may want to keep a close eye on this to ensure that this bearish signal does not materialize.

Losers

United States Natural Gas Fund (UNG) - Get Report -3.4%

Despite a warm forecast, a nearing hurricane season, and ongoing challenges facing BP and the rest of the oil industry, natural gas prices still managed to tumble today. In response, ETFs linked to natural gas futures contracts such as UNG and

iPath Dow Jones-UBS Natural Gas Total Return Subindex ETN

(GAZ) - Get Report

headed lower.

Market Vectors Junior Gold Miners ETF (GDXJ) - Get Report -3.8%

Broad market strength is sending investors fleeing from the safety of gold and into riskier assets classes. In response to the yellow metal's dip, the most volatile producers are tumbling as well.

While GDXJ is attractive for its small cap approach to gold miners, Market Vectors Gold Miners (GDX) is a far safer play for investors looking to diversify into gold equities. On Monday it was down only 2.6%.

All prices as of 2:16 PM EST

At the time of publication, Dion Money Management owned GDX.

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.