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 losing when it comes to ETFs.
Market Vectors Russia ETF
The Russian companies underlying RSX are scoring some gains as we approach the end of the week. Russia oil giant, Rosneft is stealing headlines today because of reports that the nation's government was planning to sell 15% of the firm in an effort to balance its budget.
Rosneft is the third largest position in RSX and accounts for nearly 8% of the fund's portfolio.
ETFs designed to track the Indian market, such as WisdomTree
India Earnings Fund
are also heading higher today.
SPDR S&P Homebuilders ETF
Homebuilders are gaining strength though the U.S. markets are struggling to pull off positive action. Despite XHB's action, I still have concerns about this industry's prospects.
Since the start of September, XHB has consistently bounced between its 50- and 200-day moving averages. Until it is clearer as to where this fund is headed next, I would advise against taking a chance.
iShares MSCI Sweden Index Fund
The Swedish markets represent another international mover today. Some of today's strength can be attributed to positive news hailing from Swedbank, which reported that it had swung to profit during the third quarter of 2010.
Designed to track the broad Swedish economy, EWD dedicates a considerably large percentage of its assets to its top three positions: H&M, Nordea Bank, and Ericsson. Together, these firms account for nearly a third of the fund's index.
Market Vectors Junior Gold Miners ETF
The junior gold miners are tumbling today, leading declines across the broad precious and base metals industry. Other big tumblers include physically-based silver funds such as
iShares Silver Trust
ETFS Physical Silver Shares
SPDR S&P Metals & Mining ETF
is down as well.
Investors should keep an eye on this industry Friday as ETF Securities, a relative newcomer to the U.S. ETF industry, unveils the
ETFS Physical Precious Metals Basket Shares
. This fund will combine exposure to gold, silver, platinum and palladium. I expect it to be a wildly popular product.
United States Natural Gas Fund
Thursday's storage report from the Energy Information Administration was anything but positive. According to the agency's report, natural gas inventories increased 93 billion cubic feet last week. Analysts had been expecting an uptick totaling 88 bcf. Today's dip marks another new all time low for this fund.
iShares MSCI Brazil Index Fund
While Russia and India are jumping higher, the Brazilian economy is taking a shot across the bow today, leading EWZ lower. Pressuring the fund on Thursday was iron ore giant, Vale and state-owned energy goliath,
. These two positions account for the largest slices of the fund, together making up a third of its total index.
All prices as of 2:15 PM EST
Written by Don Dion in Williamstown, Mass.
At the time of publication, Dion Money Management did not hold positions in any of the funds mentioned.
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.