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 for the day's winners and losers.

Winners

iPath Dow Jones UBS Coffee Subindex Total Return ETN ( JO) 3.1%

Coffee prices are getting a jolt on Friday, pushing shares of JO to its second day of notable gains.

This crop's strength is helping to lift the broader-based iPath Dow Jones UBS Softs Subindex Total Return ETN ( JSS). This ETN is designed to track coffee, cotton and sugar. Coffee accounts for nearly 36% of the fund's index, making it the largest component.

iShares MSCI Italy Index Fund ( EWI) 1.4%

Italy's markets are scoring gains as we close out the week. The fund's fourth largest holding, IntesaSanpaolo, is a notable leader, gaining nearly 5%. This firm accounts for close to 7% of EWI's index.

Europe remains a volatile corner of the globe. Investors should exercise extreme caution when looking for investing opportunities here.

Oil Services HOLDRs ( OIH) 1.0%

The OIH is being bolstered by strength from its top three holdings: Schlumberger ( SLB), Baker Hughes ( BHI) and Halliburton ( HAL). These firms account for approximately half of the fund's total portfolio.

Investors looking for an alternative fund to track firms in the part of the energy industry should turn to the SPDR S&P Oil & Gas Equipment & Services ETF ( XES).

Losers

iShares S&P Global Timber & Forestry Index Fund ( WOOD) -5.6%

Although shares of WOOD have stuck to a downward path since the start of May, the fund's retreat has picked up speed in the first few days in June.

The fellow timber-tracking ETF, Guggenheim Timber ETF ( CUT), appears to be faring better than WOOD. Although it has remained stuck to a downward path as well, CUT is still trading above its 200-day moving average.

Market Vectors Vietnam ETF ( VNM) -2.7%

The Vietnam ETF has come back over the past few days after a steep, eight-day decline during the latter half of May.

Friday, however, marked a reversal, with the volatile fund once again heading south.

iShares FTSE China 25 Index Fund ( FXI) -1.0%

China-based equities were declining as we close out this shortened week.

China Shenhua Energy and Yanzhou Coal Mining are among the fund's biggest decliners today, dipping in response to concerns that the Chinese government may take steps to control coal prices. These two holdings account for close to 8% of the fund's index.

All prices as of 2:13 PM EST

Written by Don Dion in Williamstown, Mass.

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At the time of publication, Dion Money Management did not own any equities mentioned.

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