ETFs to Watch September 28, 2012 (HYG, QQQ, UNG)

Here is the ETF Professor's ETF Watch List for Friday September 28, 2012.

Still a mess: The iShares MSCI Spain Index Fund (NYSE:EWP).

Index play of the day: PowerShares QQQ (NASDAQ:QQQ).

Keep an eye on the U.S. Natural Gas Fund (NYSE:UNG).

Emerging plays of the day: iShares MSCI Malaysia Index Fund (NYSE:EWM), iShares MSCI Philippines Investable Market Index Fund (NYSE:EPHE) and the WisdomTree Emerging Markets Small-Cap Dividend Fund (NYSE:DGS).

Forex play of the day: WisdomTree Dreyfus Brazilian Real ETF (NYSE:BZF).

Bond play of the day: iShares iBoxx $ High Yield Corporate Bond ETF (NYSE:HYG).