Five ETFs to Watch This Week

NEW YORK ( TheStreet) -- Here are five ETFs to watch this week.

Market Vectors Agribusiness ETF ( MOO)

Food prices have run into headwinds as looming economic turmoil has weighed heavily on investor confidence in the global growth picture. In November, this factor has caused the futures-tracking PowerShares DB Agriculture Fund ( DBA) to retreat to previous 2011 lows, returning all of the gains in October.

The global pressure has had less of an impact on the equity-backed MOO. Over the past month, this product has managed to pull ahead and maintain a comfortable lead over DBA. The shortened week ahead will be an important one for MOO with top holding Deere ( DE) slated to report earnings on Wednesday. Representing more than 7% of the fund's index, the firm's performance and future outlook will likely play a major role in directing its mid-week action.

iPath S&P 500 VIX Short Term Futures ETN ( VXX)

Investors need to be on their toes in the days ahead as the shortened holiday trading week could help to magnify the volatility that is already evident in this market environment.

Thanks to four consecutive days of gains during the middle of the week, the VIX managed to recover back above its 50-day moving average. VXX and other fear-tracking ETNs have managed to follow suit.

SPDR S&P Retail ETF ( XRT)

The U.S. marketplace is open on Friday. However, many will likely find themselves at their local malls at the end of the week as Black Friday kicks off the holiday shopping season.

Investors looking to take advantage of the retail names that will benefit from this consumer-friendly season should turn their attention towards XRT.

With Cyber Monday has increasingly become a holiday season staple, another ETF to keep an eye on is the First Trust Dow Jones Internet Index Fund ( FDN). As Black Friday festivities spill over into the following workweek, top FDN components such as Amazon ( AMZN), eBay ( EBAY) and Google ( GOOG) could be interesting to watch.

Guggenheim Solar Energy ETF ( TAN)

Heading into the middle of November, the solar energy sector was showing some signs of stabilization. Unfortunately, as Europe's economic turmoil fell back into focus, the industry succumbed to selling pressure and both TAN and Market Vectors Solar Energy ETF ( KWT) have retreated to previous all-time lows.

Clearly TAN and KWT are not for the faint of heart. However, in the opening days of this week, the solar energy industry could be exciting to watch as China-based industry staples such as Yingli Green Energy ( YGE), Trina Solar ( TSL) and Suntech Power ( STP) step up to the earnings plate. The three companies account for more than 10% of both products' assets.

iShares S&P International Preferred Stock Index Fund ( IPFF)

If you are unfamiliar with IPFF, it is understandable. Launched last Thursday, the fund is the newest product from ETF-leader Blackrock ( BLK).

Other ETFs like PowerShares Preferred Portfolio ( PGF) provide investors with foreign preferred stock exposure. IPFF, however, sets itself apart by excluding the U.S. from its index entirely. In looking at its geographic breakdown, Canada and the U.K. are the most heavily represented nations, accounting for a combined 83% of its index.

It will be interesting to see if this fund can gather a following. PGX and other preferred stock ETFs have already become popular destinations for yield-hungry investors. The financials-heavy IPFF, however, is entering the ring at a time when investors are showing hesitance towards risky sectors. This fund will be best watched from the sidelines for now.

IPFF is not the only newcomer to be unveiled this week. Check out my article, "Social Media ETF Off to a Slow Start," to learn more about my initial take on Global X's newest fund.

Written by Don Dion in Williamstown, Mass.


At the time of publication, Dion Money Management owned the PowerShares DB Agriculture Fund and First Trust Dow Jones Internet Index Fund.

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