WisdomTree has filed with the SEC to create two new funds that track the change of the American dollar against a basket of world currencies. The new funds will compete with PowerShares US DB Dollar ETF (UUP: Quote, Profile, Advanced Chart, News), which has attracted more than $3 billion from investors.

The WisdomTree Rising Dollar Fund, one of the new funds, will seek to provide performance equivalent to the change in the value of the US dollar against 15 other world currencies. The fund will invest in Treasury bonds, as well as money markets and currency contracts, to derive returns for its investors.

WisdomTree Commodity Currency Fund will seek out currency investments in countries with strong commodity producing industries. The fund is centered on the relative value of the currencies represented by the following countries: Australia, Brazil, Canada, Chile, Indonesia, Mexico, New Zealand, Norway, Russia and South Africa, according to the SEC filing.

Global X Funds will take on its largest expansion yet, filing with the SEC to create thirteen new ETFs. Six of the new funds will target Chinese sectors, while the other seven are set to tap markets typically unavailable to U.S. investors.

The Chinese funds are as follows: Global X Consumer, Global X China Energy, Global X China Financials, Global X China Industrials, Global X China Materials and Global X China Technology.

The funds will be invested 80% in foreign ADRs and 20% in swaps and options contracts to perform within 95% of their indicated benchmarks, according to a filing with the SEC.

Beyond China, Global X is launching other new international ETFs: Global X Denmark, Global X Emerging Africa, Global X Finland, Global X Norway, Global X Pakistan, Global X Poland and Global X United Arab Emirates. These funds will seek to track stocks in each of their corresponding markets. The new funds follow in the footsteps of the Global X InterBolsa FTSE Columbia (GXG: Quote, Profile, Advanced Chart, News), which has jumped 86.5% since launching in February.

Global X Management has launched a new ETF on NYSE Arca, allowing American traders to invest in Nordic European countries. The Global X FTSE Nordic 30 ETF (GXF) offers exposure to the largest and most liquid stocks in Sweden, Denmark, Finland, and Norway.

The new ETF will track the FTSE Nordic 30 index minus fees and expenses. According to data from the press release, the FTSE Nordic 30 index has outperformed the FTSE Developed Europe Index by 23.5%, nearly doubling the year to date performance of the broader fund. The asset class has also dominated US investments, beating the S&P 500 by 57.2% over five years.

The assets will be 46% weighted in Sweden, 20% in Denmark, 17% in Norway, and 17% in Finland. The fund is heavily focused on financials, health care, and technology, with these sectors comprising 59% of the fund.

Two solar energy ETFs, Market Vectors Solar Energy (KWT) and Claymore/MAC Global Solar Energy Index (TAN), led recent gains among U.S. ETFs as they each jumped up 6%. Investors Business Daily columnist, Trang Ho, explains that though China-based solar wafer maker, ReneSola, is not a part of either ETF, its strong earnings report provided a boost to the industry. The top countries in each ETF are China, Germany, U.S., and Norway.

The two ETFs have reason to feel positive about the future. A power source shared among the funds is First Solar (FSLR), the most heavily weighted holding in each ETF. The Investors Business Daily article relays that this company is equipped to handle severe price declines. Over the past six quarters this company has outperformed the analysts, and earnings are up a gigantic 717% over the past year. On top of that, this companys sales growth is nearly 300% over the same time period. Another reason for optimism is with Thomson Reuters expectations that another holding, Yinglis earnings will rise 1,700% with the 262% sales growth. Finally, another solar company in the fund, known as JA Solar, has plans for expansion, according to Lazard Capital Markets. This holding has shown tremendous strength with sales and earnings increases of 400% and 300% over the past year, respectively.