Dion's Monday ETF Winners and Losers
iShares Cohen & Steers Realty Majors Index Fund(ICF) 1.8%U.S. stocks are seeing mixed action as the macroeconomic trials and earnings news battle for investor attention. Despite these trials, real estate is seeing some inklings of strength. The strength can be felt across various corners of the sector. In addition to seeing ICF head higher, funds like the iShares Dow Jones U.S. Home Construction Index Fund (ITB), which track homebuilders are trading in positive territory.
Market Vectors Vietnam ETF (VNM) 1.6%Even with macroeconomic headwinds making their way back into global headlines, the Vietnamese marketplace has witnessed impressive resilience. Shares of VNM are heading higher during midday trading, revisiting 2012 highs.
It is common to see VNM move to the beat of its own drum. This uncorrelated performance may be attractive during periods of shakiness, but this fund should still be approached with caution.
United States Natural Gas Fund(UNG) 1.4%Energy-related exchange traded products are witnessing choppy action. UNG, however, is sitting in solid positive territory.
At the same time that UNG is heading higher, the iPath Dow Jones UBS Natural Gas Subindex Total Return ETN (GAZ) it seeing losses. The culprit behind GAZ's downturn is its 100% premium. Continue to avoid this product.