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

SPDR KBW Bank ETF ( KBE) 2.3%

The Federal Reserve is helping power the banking industry higher today. On Friday, reports indicated that the regulatory body was prepared to allow financial institutions to increase their dividends.

Aside from KBE, other banking-related ETFs are gaining ground. Some of the biggest gains could be seen from funds including the SPDR KBW Regional Banking ETF ( KRE), iShares Dow Jones U.S. Financial Services Index Fund ( IYG) and iShares Dow Jones U.S. Broker-Dealers Index Fund ( IAI).

ProShares UltraShort 20+ Year Treasury Bond Fund ( TBT) 2.2%

After yesterday's lift, long- term U.S. Treasuries are heading lower again, paving the way for the magnified inverse TBT to score some gains while the iShares Barclays 20+ Year Treasury Bond Fund ( TLT) faces a notable loss.

For a while, fixed income has remained an attractive region of the markets as investors seek out sources of stability. As investors warm up to the market's strength I expect funds such as iShares Dow Jones Dividend Select Index Fund ( DVY) will continue to be an attractive destination.

iShares Silver Trust ( SLV) 1.7%

Silver is leading a broad metal charge higher as we head into the close of this week. The strength can be felt across both precious and base metal related products.

Miners are also benefiting as funds including Global X Copper Miners ETF ( COPX), Global X Silver Miners ETF ( SIL) and Market Vectors Gold Miners ETF ( GDX) rise.

One of the only components of this industry which is lagging today is platinum. ETFS Physical Platinum Shares ( PPLT) was down over 1% in early afternoon trading.

Losers

iShares MSCI Spain Index Fund ( EWP) -3.2%

Spain's markets are tumbling, leading the rest of Europe to a rocky end for this week. Throughout 2010 the EU has been a region of concern due to the debt issues facing members of the bloc.

This part of the globe remains an area of concern. Investors should continue to exhibit caution before trying their luck with funds like EWP.

SPDR S&P Pharmaceuticals ETF ( XPH) -1.2%

Weakness from a handful of companies underlying XPH is leading the fund to notable losses today.

The biggest tumblers include Impax Laboratories ( IPXL), Nektar Therapeutics ( NKTR), Medicis Pharmaceuticals ( MRX) and Auxilium Pharmaceuticals ( AUXL). These four holdings, which account for nearly 16% of the fund, were down around 5% in early afternoon trading.

iPath Dow Jones UBS Sugar Total Return Subindex ETN ( SGG) -0.4%

Sugar has risen steeply throughout the week as supply concerns are met with increasing demand. On Friday, however, the sweetener took a slight break from its ascension. A day like Friday highlights the stable nature of diversified agriculture products such as the PowerShares DB Agriculture Fund ( DBA). DBA is trading flat today.

Conservative investors with a desire for agriculture futures exposure should pick DBA over a single commodity fund.

All prices as of 2:15 PM EST

Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion Money Management was long PowerShares DB Agriculture Fund and iShares Dow Jones Dividend Select Index Fund.

Don Dion is president and founder of Dion Money Management, 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.

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