NEW YORK ( TheStreet) -- Here are this week's winners and losers.
iShares MSCI Italy Index Fund ( EWI) -9.0% Investor sentiment continues to swing wildly as the European sovereign debt crisis grips attention and creates turmoil for the global marketplace. Doubts about the region's ability to resolve its issues sent investors fleeing from ETFs linked to the monetary bloc. EWI, iShares MSCI Germany Index Fund ( EWG) and iShares MSCI France Index Fund ( EWQ) were among the products that ended the week on a sour note. While interesting to monitor, I encourage investors to avoid taking on exposure to the European continent. SPDR S&P Oil & Gas Exploration & Production ETF ( XOP) -8.6% Oil and gas producers fell out of favor as fearful investors steered clear of growth-correlated sectors. A four-day decline pushed XOP back towards its November lows. It was a tough week for futures-backed energy ETFs as well. Both United States Oil Fund ( USO) and United States Natural Gas Fund ( UNG) saw losses. UNG, in fact, has locked in all-time lows. Written by Don Dion in Williamstown, Mass.