This Week's ETF Winners & Losers

In a volatile week, funds tracking real estate and financial institutions came out ahead.
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Exchange-traded funds tracking real estate, overseas markets and financial institutions all endured volatile trading along with the wider market this week.

Real estate-related bundled securities finished higher, after flipping back and forth between the winners and losers column all week. They dropped after

American Home Mortgage

(AHM)

filed for bankruptcy Monday, rallied Wednesday, the day after the

Federal Reserve

acknowledged -- but didn't make too big a deal of -- trouble in the credit markets and sank as major homebuilders were swept up in Friday's selloff.

Still, ETFs like the

Ultra Real Estate ProShares

(URE) - Get Report

finished up $2.34 to $42.75. The

iShares Dow Jones US Home Construction

(ITB) - Get Report

gained $2.25 to $27.25. The

iShares Dow Jones US Real Estate

(IYR) - Get Report

gained $2.12 to $72.

Meanwhile, ETFs tracking banks and financial institutions rallied after the sharp selloffs of the past month.

The

KBW Bank

(KBE) - Get Report

ETF gained $1.74 to $52. The

Regional Bank HOLDRs

(RKH)

tacked on $6.32 to $146.04. The

iShares Dow Jones US Financial Services

(IYG) - Get Report

added $4.75 to $120.46.

The

United State Natural Gas

(UNG) - Get Report

ETF soared on rising natural gas prices. Over the course of the week, the front-month natural gas contract gained 73 cents to $6.82 per British thermal unit. The ETF gained $4.50 to $43.50.

Bundled securities tracking European markets did not fare as well. On Thursday, French bank

BNP Paribas

said it has suspended three of its funds with exposure to securities backed by U.S. subprime mortgages, sparking fears that credit woes in the U.S. market were more far-flung than expected. London's FTSE 100 lost 186 points on the week, while Paris' CAC 40 shed 149.26 points.

The

PowerShares Dynamic Europe

(PEH)

lost $1.29 to $23.22. The

iShares MSCI France Index

(EWQ) - Get Report

shed 67 cents to $35.51. The

iShares MSCI Belgium Index

(EWK) - Get Report

lost 65 cents to $25.25.