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Dion's Weekly ETF Winners and Losers

Fear fell back into favor this week as debt concerns in Europe rattled investors.
Author:

Winners

iPath S&P 500 VIX Short Term Futures ETN (VXX) - Get Report +10.9%

Fear fell back into favor this week as debt concerns in Europe rattled investors.

In the past week, VXX has managed to see a bounce off its 50-day moving average, recovering all of the losses it suffered during the prior week.

Given the economic issues that persist in today's global markets, volatility is certain to be present, but VXX is best watched from the sidelines.

Claymore/AlphaShares China Real Estate Index ETF (TAO) - Get Report +2.7%

China surprised the global markets this week when the nation decided to relax its grip on the yuan. The currency's gains helped power the nations markets higher, providing some welcomed relief to the real estate sector and TAO. Since mid-April, this fund has struggled to gain a footing as Beijing lawmakers take steps to cool the overheating property market.

PowerShares DB Base Metals ETF (DBB) - Get Report +5.8%

Base metals witnessed an impressive rally this week. Copper was one of the fund's strongest constituents, with

iPath Dow Jones-UBS Copper Total Return Subindex ETN

(JJC) - Get Report

also making this week's winners list. The gains from this red metal come even after less than optimistic U.S. housing numbers.

Going forward, base metal investors should keep a close watch on China. This nation's demand for copper, aluminum and zinc will likely play a huge factor in determining their prices.

Losers

First Trust Revere-ISE Natural Gas Index ETF (FCG) - Get Report -7.1%

Natural gas prices and

United States Natural Gas Fund

(UNG) - Get Report

continued to fluctuate in response to weekly government reports and weather forecasts. In the end, both ended the week lower.

The natural gas producers faced additional heat this week thanks to a slew of bad press. At the start of the week, HBO screened, "Gasland," the award winning documentary that highlights the negative effects the hydraulic fracturing, or "fracking" method of gas extraction has on the environment. Additionally, Vanity Fair published its own detailed article depicting the negative effects the gas industry has had on the lives of the people living close to fuel production sites.

Shares MSCI Spain Index Fund (EWP) - Get Report -6.5%

Recently, the debt crisis facing the European Union has been pushed to the back of investors' minds. However, this week, fear returned and the most troubled constituents of the currency bloc were forced lower. EWP and

TST Recommends

iShares MSCI Italy Index Fund

(EWI) - Get Report

(were among this week's biggest international market-focused ETF losers.

iShares Dow Jones U.S. Oil Equipment & Services Index Fund (IEZ) - Get Report -5.3%

Oil producers got hit on two flanks this week, leading to tough times for industry related products: IEZ and

iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund

(IEO) - Get Report

. Not only did oil prices tumble this week, but

BP

(BP) - Get Report

continued to fumble in its efforts to end the crisis facing the Gulf of Mexico, leading to continued anger, fear, and frustration from investors. Cost estimates of BP's clean up are currently more than $2 billion.

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

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.