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.
iPath S&P 500 VIX Short Term Futures ETN
The VIX ETN is starting off the month of June strong, benefiting from ongoing concerns from many corners of the global economy.
VXX will continue to be a fund to watch heading into the close of the first half of 2010 but I continue to urge investors to avoid playing this product. Due to the magnitude of its day-to-day swings, there is a good chance of taking a heavy hit on any down day.
Market Vectors Gold Miners ETF
Gold miners, big and small, are pocketing large gains during the first day of this shortened week of trading. GDX and its small cap cousin,
Market Vectors Junior Gold Miners ETF
, are gaining as investors turn to the metal in an effort to avoid the troubled euro.
iShares S&P Latin America 40 Index Fund
Latin America is among the international ETFs scoring gains on Tuesday thanks to strength from Brazil.
iShares MSCI Brazil Index Fund
(EWZ) is also turning out gains.
As economic troubles threaten regions to the East and West, investors may be turning south for investment opportunities.
iShares MSCI Thailand Investable Market Index Fund
Although political tensions continue to threaten stability in Thailand, the nation's markets are turning out gains. On Tuesday, the Thai market mulled the possibility of the central bank keeping key interest rates at its current low levels in hopes of preventing against an economic slowdown brought on by violent protests.
THD should remain an interesting fund to watch as government and protestor forces continue to butt heads. Only the most risk tolerant investors should try their luck, however, as violent swings should continue into the near future.
Oil Services HOLDRs
BP continues to trip over its own feet in their attempts to stop the flow of oil threatening the U.S. coast and the larger Gulf of Mexico. With the "top kill" off the table, engineers and company officials are starting over with a new plan in hopes of putting an end to this disaster.
Oil services ETFs such as OIH and
iShares S&P Oil Equipment and Services Index Fund
will continue to get battered until BP and
find some way to control this crisis.
iShares MSCI Israel Capped Investable Market Index Fund
Israel's markets took a shot across the bow at the start of this week as violence broke out along the Gaza strip. Israeli forces fired on flotilla attempting to break the blockade on the region, in the process killing at least nine and wounding a number of others.
Investors looking to play EIS should be prepared for a rocky ride as the nation attempts to weather the resulting negative backlash.
All prices as of 2:17 PM EST.
Written by Don Dion in Williamstown, Mass.
At the time of publication, Dion Money Management owns Market Vectors Gold Miners ETF.
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.