NEW YORK (
) -- Welcome to Don Dion's Daily ETF Winners and Losers. Be sure to stop by each day to get a feel of what's rising and what's falling when it comes to ETFs.
SPDR KBW Regional Banking ETF
The financial sector has led the market today with regional banks continuing to pull ahead of Wall Street giants. KRE has scored some of the strongest gains in the industry as a number of its top holdings reached new 52-week highs.
Investors should keep an eye on KRE and regional banks, with earnings only a few weeks away.
iShares Cohen & Steers Realty Majors
ICF has seen some impressive gains today thanks to a strong pending home sales report from the National Association of Realtors that broadly lifted the real estate sector (except for homebuilders, see below).
Deals signed but not completed surged 8% in February, the sharpest jump since 2001. Sales should continue to recover into the near future as first-time homebuyers attempt to take advantage of the expiring tax credit.
United States Natural Gas Fund
Though UNG saw strength yesterday in light of the statistical adjustments made by the Energy Information Administration, the fund's rally appears to have quickly run out of steam. As I highlighted in my article this morning, the alterations made by the government agency do little to remedy the
Investors looking for natural gas exposure should continue to avoid UNG and stick to ETFs that are designed to track producers such as
First Trust ISE-Revere Natural Gas Index Fund
, which is making gains.
Vanguard European ETF
ETF investors have fled funds designed to track the broad Europe region as well as individual European nation funds, driving them to some of the biggest losses today. Aiding to the exodus is weakness from euro. The currency has been battered today as confusion continues to plague the Greek debt crisis.
iShares Dow Jones US Home Construction
Though they managed to recover a bit later in the trading day, homebuilders have remained in the red. ITB slumped after Credit Suisse cut its ratings for a number of its top holdings and followed up with a note explaining that upon the expiration of the first-time homebuyer tax credit, the sector may lag behind the rest of the market.
All prices as of 2:12 p.m. EST
-- Written by Don Dion in Williamstown, Mass.
At the time of publication, Dion was long ICF.
Don Dion is president and founder of
, 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.