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Below are the 20 hottest ETFs at the end of July, based on the 6 month performance. Data excludes leveraged ETFs and the data source is FINVIZ.com. The theme? Asia, China, emerging markets, and more China. A link is now available on the right hand side of Scott's Investments with this data. Please note that with anything I write I'm not recommending the purchase of any particular security. This is especially true here - there is no trading strategy I am advocating with this list. However, it is helpful in determining where market trends and momentum exist:

Ticker Company Performance (Quarter) Performance (Half Year) 200-Day Simple Moving Average Trend Analysis
IDX Market Vectors Indonesia ETF 50.17% 124.59% 56.89% Click Here
RSX Market Vectors Russia ETF 27.62% 112.27% 40.64% Click Here
KOL Market Vectors Coal ETF 45.03% 104.37% 58.93% Click Here
HAO Claymore/AlphaShares China Small Cap 44.35% 99.59% 58.80% Click Here
RZV Rydex S&P SmallCap 600 Pure Value 33.42% 98.52% 53.49% Click Here
PKOL PowerShares Global Coal 36.29% 94.50% 57.00% Click Here
TUR iShares MSCI Turkey Invest Mkt Index 47.19% 92.10% 60.10% Click Here
TAO Claymore/AlphaShares China Real Estate 45.21% 89.12% 56.75% Click Here
PXR PowerShares Emerg Mks Infrastructure 37.20% 86.06% 49.76% Click Here
EWX SPDR S&P Emerging Markets Small Cap 32.46% 84.01% 47.55% Click Here
FNI First Trust ISE Chindia 34.29% 80.91% 44.13% Click Here
JJC iPath DJ AIG Copper TR Sub-Idx ETN 23.72% 79.78% 39.65% Click Here
INP iPath MSCI India Index ETN 40.73% 79.72% 47.41% Click Here
EPI WisdomTree India Earnings 39.96% 77.12% 47.07% Click Here
GUR SPDR S&P Emerging Europe 25.18% 76.06% 32.98% Click Here
PGJ PowerShares Gldn Dragon Halter USX China 30.18% 75.87% 43.13% Click Here
DNH WisdomTree Pacific ex-Japan Equity Inc 33.53% 74.28% 41.16% Click Here
BKF iShares MSCI BRIC Index 30.13% 73.01% 40.78% Click Here
EWD iShares MSCI Sweden Index 29.26% 72.01% 42.27% Click Here
GXC SPDR S&P China 33.71% 71.26% 41.41% Click Here