NEW YORK (TheStreet) -- Here are five ETFs to watch this week.
PowerShares Dynamic Media Portfolio
It's sweeps week for the media ETF as a number of firms hailing from the fund's index gear up to announce their quarterly earnings performance. Companies include
Technological developments such as the
iPad have helped various facets of the media universe expand their reach around the world as consumers increasingly seek out ways to receive constant exposure to both the printed word and visual media.
The media industry's strength hinges on the consumer's ability to venture back into the global marketplace.
Despite the onslaught of negative press regarding the economic recovery, I believe that confidence is on the rebound. PBS provides a great chance for investors to benefit as consumers treat themselves to small luxuries such as a trip to the movies.
iShares Cohen & Steers Realty Majors Index Fund
This week, investors with exposure to ICF will want to keep a close watch on some key earnings. Top holding
Simon Property Group
will be among a number of real estate-focused firms announcing their quarterly performance. SPG represents nearly 8% of the fund's total index.
Other companies hailing from ICF's top 10 holdings which are slated for earnings related coverage include
and HCP. Together, these four positions make up an additional 20% of the fund's index.
Real estate remains a tricky region of the market to navigate but, compared to residential homebuilders, I see REITs and commercial real estate as sub-sectors which hold promise.
SPDR S&P 500 ETF
After weeks of campaigning, the midterm elections are at last upon us. While Tuesday will certainly be the day to watch for political newshounds, financially minded consumers will want to keep an eye on the markets throughout the entire week to see how they respond to the results.
The fall months are often considered difficult times for the markets. However, despite economic trials taking place around the world, the U.S. markets have shown to be particularly resilient. As we head into November it will be interesting to see if the major U.S. indices can continue to perform in a bullish fashion.
Market Vectors Gold Miners ETF
Ongoing economic turmoil around the globe will certainly keep physically-backed gold ETFs such as
iShares Gold Shares
in the headlines this week. However, with earnings season in full swing, gold producer-focused funds such as GDX and
Market Vectors Junior Gold Miners ETF
may be the more exciting element of the precious metals industry to keep an eye on.
Among GDX's top 10 holdings to report their quarterly performance this week are
. Together, these firms make up nearly a quarter of the fund's total index.
A number of companies representing GDXJ's ten largest holdings are also scheduled to report earnings. Companies include
Allied Nevada Gold
Silver Standard Resources
Coeur d'Alene Mines
. These firms represent close to 15% of the fund.
Market Vectors Rare Earth/Strategic Metals ETF
In October the ETF industry was treated to the launch of a number of groundbreaking products.
Market Vectors China ETF
marks the first time investors can use ETFs to gain access to the performance of Chinese A-Shares and ETF Securities'
ETFS Physical Precious Metals Basket Shares
(GLTR) is the first physically based ETF which combines exposure to gold, silver, platinum and palladium.
While the two funds highlighted above are exciting, none have gained the same attention and interest as Market Vectors' second new launch in October: REMX.
Due to the need for rare earth elements across a number of technology-related industries and the drama over China's unofficial ban on the exports of the commodities, it is no wonder that droves of investors poured into this fund on its first day.
As REMX heads into its first full week of trading, it will be interesting to see if it continues to draw massive crowds. Due to its focus on small and midsized companies, I predict REMX will be a volatile product. While it will be exciting to watch next week, I would advise investors to hold off on buying this fund until it sees some stability.
Written by Don Dion in Williamstown, Mass.
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At the time of publication, Dion Money Management had positions in iShares Cohen & Steers Realty Majors Index Fund, iShares Gold Shares and Market Vectors Gold Miners ETF .
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.