Thursday's ETF Winners & Losers

Exchange-traded funds focused on overseas markets performed poorly Thursday.
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Bundled securities tracking overseas markets suffered some of the steepest declines of Thursday's session, after French bank

BNP Paribas

said it has suspended three of its funds that have exposure to U.S. credit markets due to the inability to accurately value the hedge funds.

Worries about the possible spread of subprime problems were punishing European bourses. Paris' CAC 40 was losing 2.1%, Germany's Xetra Dax was down 1.8%, and London's FTSE 100 was falling 1.7%.

The

iShares MSCI Belgium Index

(EWK) - Get Report

was lower by 96 cents, or 3.7%, to $25.63. The

iShares MSCI Netherlands Index

(EWN) - Get Report

was falling 99 cents, or 3.2%, to $29.64. The

Vanguard Emerging Markets Stock

(VWO) - Get Report

ETF was losing $3.33, or 3.5%, to $92.07.

ETFs related to lenders and banks were also suffering in the wake of BNP Paribas' news.

JPMorgan Chase

(JPM) - Get Report

,

Lehman Brothers

(LEH)

,

Citigroup

(C) - Get Report

and

Bear Stearns

(BSC)

all slid by 3% or more.

The

KBW Bank

(KBE) - Get Report

ETF was shedding $1.80, or 3.3%, to $52.64. The

Regional Bank HOLDRs

(RKH)

lost $4.39, or 2.9%, to $146.49. The

iShares Dow Jones U.S. Financial Services

(IYG) - Get Report

was down $3.78, or 3%, to $121.48. The

Financial Select Sector SPDR

(XLF) - Get Report

slid 94 cents, or 2.7%, to $33.81.

Silver-related ETFs also lost ground, as silver futures tumbled 37 cents to $12.80 an ounce. The

iShares Silver Trust

(SLV) - Get Report

was sliding by $4.13, or 3.2%, to $126.41. The

PowerShares DB Silver

(DBS) - Get Report

was falling by 84 cents, or 3.2%, to $25.

Meanwhile, the

United States Natural Gas

(UNG) - Get Report

ETF was jumping 4.5% as natural gas prices jumped 33 cents to $6.55 per million British thermal units. The gain comes after the Energy Department said that natural gas inventories rose by 42 billion cubic feet last week. The ETF was adding $1.79 to $41.48.

Bundled securities tracking real estate were also higher. The

iShares FTSE NAREIT Residential

(REZ) - Get Report

was higher by $1.90, or 4.2%, to $46.73. The

Ultra Real Estate ProShares

(URE) - Get Report

was gaining 62 cents, or 1.4%, to $46.03. The

iShares Dow Jones U.S. Real Estate

(IYR) - Get Report

was up 54 cents, or 0.7%, to $75.14.