Wednesday's ETF Winners & Losers

Housing and real estate funds jump after the Fed said the economy is likely to expand.
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Housing- and real estate-related exchange-traded funds were surging during Wednesday's winning session, one day after the

Federal Reserve

said that the correction in housing is ongoing but that the economy is likely to expand at a moderate pace.

Individual names were jumping.

Hovnanian

(HOV) - Get Report

soared 19%, and

Toll Brothers

(TOL) - Get Report

,

D.R. Horton

(DHI) - Get Report

,

Centex

(CTX)

and

KB Home

(KBH) - Get Report

were all higher by 5% or more.

The

iShares Dow Jones U.S. Home Construction

(ITB) - Get Report

was rising $2.07, or 7.8%, to $28.63. The

Ultra Real Estate ProShares

(URE) - Get Report

climbed $2.42, or 5.7%, to $45.22. The

SPDR S&P Homebuilders

(XHB) - Get Report

was adding $1.54, or 5.9%, to $27.87.

Bundled securities tracking Asian markets were also jumping after several indices gained ground overnight. Hong Kong's Hang Sang rose 2.9%, the Nikkei Index added 0.6% and Tokyo's Topix Index gained 0.5%.

The

iShares FTSE/Xinhua China 25 Index

(FXI) - Get Report

was gaining $5.87, or 4.5%, to $136.14. The

iShares MSCI Singapore Index

(EWS) - Get Report

was higher by 59 cents, or 4.6%, to $13.50. The

SPDR S&P China

(GXC) - Get Report

was recently up $3.08, or 4.5%, at $71.56.

ETFs tracking regional banks were notching another strong session. Among individual names,

Washington Mutual

(WM) - Get Report

,

Valley National Bancorp

(VLY) - Get Report

,

Colonial Bancgroup

(CNB)

and

PNC Financial Services

(PNC) - Get Report

were all gaining 3% or more.

The

KBW Regional Banking

(KRE) - Get Report

ETF was higher by $1.75, or 4.1%, to $44.50. The

iShares Dow Jones U.S. Regional Banks

(IAT) - Get Report

added $1.04, or 2.3%, to $47.25.

On the other hand, bundled securities following U.S. Treasuries were among the few losers of the day, as traders made their way out of bonds and back into equities.

The 10-year note was down 18/32 in price, yielding 4.84%, and the 30-year bond was tumbling 1 1/32, yielding 5.00%.

The

iShares Lehman 20+ Year Treasury Bond

(TLT) - Get Report

was down 91 cents, or 1%, to $86.31. The

iShares Lehman 7-10 Year Treasury Bond

(IEF) - Get Report

fell by 50 cents, or 0.6%, to $81.80. The

SPDR Lehman Long Term Treasury

(TLO)

was lower 27 cents, or 0.5%, to $50.48.