NEW YORK (TheStreet) -- Here is my list of ETF winners and losers for this week.
iShares MSCI Germany Index Fund ( EWG) -9.8% Europe's economic crisis continued to dominate headlines this week, leading ETFs like EWG to suffer steep losses. Looking ahead, I encourage conservative investors to use extreme caution when determining whether to step into this region. The iShares MSCI Israel Capped Investable Market Index Fund ( EIS) is another international ETF that witnessed a steep drop last week. The fund is currently trading at levels last seen during mid-2009. Market Vectors Solar Energy ETF ( KWT) -9.0% The solar energy sector tumbled hard for a second week as macroeconomic turmoil facing the developed world continued to weigh heavily on the volatile industry. News that Solyndra, the government-backed solar energy firm, was filing for bankruptcy sent an additional shock wave across this slice of the energy spectrum. TAN is currently testing all time lows. Until some footing is found, I urge conservative investors to steer clear. -- Written by Don Dion in Williamstown, Mass.