NEW YORK ( TheStreet) -- Welcome to Don Dion's "Daily ETF Winners and Losers." Be sure to stop by each day to find out which ETFs are gaining or losing.

Winners

Market Vectors Brazil Small Cap Index ETF ( BRF) 2.7%

Investor attention turned to Brazil at the start of the day following news of a surprise rate cut. In response to the government's action, Brazil's markets have witnessed a jump with the small-cap companies leading the way higher.

Brazil's strength is helping to power other Latin America-focused ETFs higher as well. The broad-based iShares S&P Latin America 40 Index Fund ( ILF) is another one of the day's notable winners.

Market Vectors Vietnam ETF ( VNM) 1.4%

Vietnam's markets are seeing an impressive run up, pushing VNM to its fifth consecutive day of gains. This multi-day rally has helped the fund rise above its 50-day moving average for the first time since February. It will be interesting to see if it can continue higher in the days ahead.

CurrencyShares Swiss Franc Trust ( FXF) 1.5%

After a few weeks of stumbling, the Swiss franc is again powering higher, leading FXF to lock in its second day of gains.

Although this component of the currency markets has become a popular destination amongst fearful investors, I have urged investors to exercise caution here. The threat of intervention from the Swiss National Bank could make for choppy action in the near term.

Losers

ProShares UltraShort 20+ Year Treasury Bond ETF ( TBT) -3.1%

The TBT is taking a hit as the market's downward action leads investors to once again favor the protection of long term U.S. treasuries. The iShares Barclays 20+ Year Treasury Bond Fund ( TLT) is up over 1%.

The past few day of strength has instilled some much needed confidence. However, I encourage investors to maintain a level of defense.

Market Vectors Poland ETF ( PLND) -3.5%

After four days of solid gains, ETFs linked to Poland's marketplace are taking a hit.

Poland is not the only European nation running into hurdles as we approach the close of the week, however. EU members including Germany and Spain are struggling as well. The iShares MSCI Germany Index Fund ( EWG) and iShares MSCI Spain Index Fund ( EWP) were both in the red during early afternoon trading.

If you liked this article you might like

Shares Of BRF Now Oversold

How to Know if You Are Really a 'Value' Investor

Extreme Movers: 'Cliff' Was a Distraction

Dion's Weekly ETF Winners and Losers

Dion's Weekly ETF Winners and Losers