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In further news involving bailouts, the federal government decided to take full control of the auto lender GMAC by lending it an additional $3.8 billion. This came on the coattails of controversial news concerning the bailed out companies Freddie Mac (FRE Quote) and Fannie Mae (FNM Quote). It was reported that the two CEOs of the firms will receive as much as $6 million in pay for 2009, a year in which the companies cost taxpayers an estimated $100 billion.

Oil continued to edge higher this week, finishing up at just under $80 a barrel, while gold saw a slight decrease. In currencies, the dollar index continued to strengthen, as it did throughout December, although the dollar saw a softening at the end of this week as some speculated that the rally has gotten ahead of itself.

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Internationally this week, leaders of India, China and Japan voiced optimism about economic growth in their countries for 2010, while the European Commission expressed concerns about the public debt of half the eurozone countries.

In American markets, the week concluded with only small changes as the Dow and Nasdaq fell by 0.9% and 0.7%, respectively, and the S&P 500 fell by 1%.

With that in mind, here are the ETF winners in losers for the week:

Winners

WisdomTree Pacific ex-Japan Equity(DNH Quote) +3.2%

iShares MSCI Pacific ex-Japan(EPP Quote) +1.3%

iShares MSCI Australia(EWA Quote) +1.5%

The big four banks of Australia are expected to be more profitable in 2010 and both of these ETFs have sizable exposure. EPP has 19.3% of assets in those four banks, while DNH has 26.3% of assets in three of the four.

 

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