Dion's Friday ETF Winners and Losers
NEW YORK (TheStreet) -- Welcome to Don Dion's Daily ETF Winners and Losers. Be sure to stop by each day to get a feel of who's winning and who's losing when it comes to ETFs.
Winners
Market Vectors Indonesia ETF
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1.3%
Although it lost some ground yesterday, the Indonesian fund pulled its weight today despite a generally troublesome market performance. The fund continues to set the bar for rampant growth in Asia's Southeast region, despite lagging behind a bit this month.
First Trust Dow Jones Internet Index ETF
(FDN) - Get First Trust Dow Jones Internet Index Fund Report
0.7%
A strong earnings numbers and outlook from
Salesforce.com
(CRM) - Get Salesforce Inc. Report
is helping to power this popular internet ETF higher despite today's turbulent market conditions.
First Trust's portfolio includes a number of existing internet companies which will likely become stronger as tech becomes more ingrained into our daily lives. Major holdings include companies such as CRM,
(GOOG) - Get Alphabet Inc. Report
, and
TheStreet Recommends
Amazon.com
(AMZN) - Get Amazon.com Inc. Report
.
iShares MSCI Thailand Index Fund
(THD) - Get iShares MSCI Thailand ETF Report
0.6%
Thailand is yet another Southeast Asian country that has flourished as of late, incurring year-to-date growth just shy of 26%. Although the fund has been pestered by political turmoil and demonstration in its capital city, it has pulled through a rougher first quarter and has resumed its upward momentum.
Losers
iShares Dow Jones U.S. Oil Equipment & Services Index Fund
(IEZ) - Get iShares U.S. Oil Equipment & Services ETF Report
-2.5%
Crude prices are dipping as investors show concerns regarding the strength of the global economic recovery. In response, the futures-based
United States Oil Fund
(USO) - Get United States Oil Fund Report
and equity backed IEZ and
Oil Services HOLDRs
(OIH) - Get VanEck Oil Services ETF Report
are tumbling heading into the weekend.
The United States Natural Gas Fund
(UNG) - Get United States Natural Gas Fund Report
(UNG) is also slipping today.
iShares MSCI Spain Index Fund
(EWP) - Get iShares MSCI Spain ETF Report
-2.3%
Overseas, members of the European Union are also falling on Friday over concerns about the recovery picture. EWP and
iShares MSCI Sweden Index Fund
(EWD) - Get iShares MSCI Sweden ETF Report
are taking some of the biggest hits within this region.
This week, investors received some optimistic news regarding members of the EU. However, as seen by today's performance, this region remains an area of uncertainty and should be approached carefully.
SPDR S&P Metals & Mining ETF
(XME) - Get SPDR Metals & Mining ETF Report
-1.8%
The mining industry is struggling along with most areas of the market today. Major miners will have a close watch on Australia's upcoming election on Saturday as it will likely play a big part in determining whether or not they will be hit by a massive mining tax which will threaten profits.
All prices as of 2:24 PM EST
-- Written by Don Dion in Williamstown, Mass.
At the time of publication, Dion Money Management was long First Trust Dow Jones Internet Index ETF and iShares MSCI Thailand Index Fund.
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.
