Overseas-related exchange-traded funds were among the best performers Friday, as Chinese and European indices were mostly higher.

In Asia, China's CSI 300 Index rose 1.6% and India's BSE Sensex 30 Index added 1.8% overnight. France's CAC 40 Index gained 0.8%, London's FTSE 100 Index added 0.4% and the Swiss Market Index tacked on 0.3%.

The iShares FTSE/Xinhua China 25 Index ( FXI) was higher by $3.02, or 2.2%, to $141.03. The SPDR S&P Emerging Asia Pacific ( GMF) was adding $1.24, or 1.7%, to $74.66. The iPath MSCI India Index ( INP) gained 83 cents, or 1.4%, to $58.52. The Europe 2001 HOLDRs ( EKH) was up $1.06, or 1.3%, to $82.13.

ETFs tracking crude oil were also higher, as the front-month contract jumped 71 cents to $70.54 a barrel. The Ultra Oil & Gas ProShares ( DIG) climbed $2.04, or 2.2%, to $93.93. The United States Oil ( USO) ETF was up 71 cents, or 1.4%, to $53.36. The PowerShares Dynamic Energy Exploration & Production ( PXE) rose 27 cents, or 1.3%, to $21.38.

On the other hand, ETFs tracking real estate were falling hard Friday as traders continued to fret about the health of credit markets. Among REIT stocks, ProLogis ( PLD), Equity Residential ( EQR), Simon Property Group ( SPG) and General Growth Properties ( GGP) were down 1.3% or more.

The Ultra Real Estate ProShares ( URE) gave back $1.01, or 2.3%, to $43.71. The iShares Dow Jones U.S. Real Estate ( IYR) was down 93 cents, or 1.3%, to $73.29. The iShares FTSE NAREIT Mortgage REITs ( REM) was off 12, or 0.4%, to $31.26.

Bundled securities tracking the banking and financial sector were set to notch another losing session as the chances of an interest rate cut by the Federal Reserve at their September meeting dwindled, reigniting fears of liquidity problems in the market.

The iShares Dow Jones U.S. Financial Services ( IYG) was losing 86 cents, or 0.7%, to $122.75. The iShares Dow Jones U.S. Regional Banks ( IAT) gave back 30 cents, or 0.6%, to $46.99. The Financial Select Sector SPDR ( XLF) ETF sank 16 cents, or 0.5%, to $34.26. The KBW Regional Banking ( KRE) ETF was lower by 31 cents, or 0.7%, to $45.

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