ETF Market Summary: Wednesday, July 24th 2007

Dollar-Weighted Category Return

Sector Day Week Month YTD Day $ Week Correlation to SPY
Latin America -3.96% -2.11% 5.29% 10.38% 108 95.11%
Emerging Markets -3.41% -1.53% 6.66% 1.74% 2575 63.38%
Utilities -3.04% -1.75% 1.49% 0.58% 481 75.48%
Energy -2.89% 0.09% 4.26% 1.66% 1882 73.14%
Russia -2.71% -0.88% 8.77% -3.94% 21 91.72%
Real Estate -2.52% -5.78% -3.54% -0.47% 890 64.08%
China -2.47% 0.00% 8.83% 3.18% 379 74.89%
Dividend -2.42% -3.73% -1.81% 0.17% 69 94.18%
Small Cap -2.35% -4.18% -1.57% 0.12% 13742 88.98%
Europe -2.15% -3.01% 2.12% 0.48% 292 92.21%
Mid Cap -1.91% -3.11% 0.43% 0.42% 1640 89.03%
Transports -1.72% -2.32% 2.44% 13.28% 33 88.58%
Retail -1.70% -2.98% -1.53% 1.18% 746 89.36%
Convertible -1.59% -4.02% -5.86% -0.81% 38 51.31%
Call/Write -1.59% -4.24% -4.41% 0.08% 4 60.80%
MSCI -1.51% -1.72% 2.14% 11.09% 801 98.06%
Large Cap -1.50% -1.80% 3.21% 0.41% 3388 97.46%
Consumer Goods & Services -1.39% -2.16% -0.31% 0.18% 249 NaN
Infrastructure -1.10% -1.06% 3.04% 18.90% 2 89.37%
Healthcare -1.03% -1.93% 0.64% 0.63% 126 76.35%
Asia -0.93% 0.24% 4.74% 1.92% 51 54.35%
Biotech -0.66% -1.05% 1.44% 0.06% 239 65.68%
Japan -0.36% -0.18% 2.06% 0.37% 281 70.90%
Commodities & Resources -0.27% 2.49% 4.90% 0.78% 433 29.87%
Currency -0.07% 0.45% 2.72% 0.93% 33 1.53%
Short 3.29% 4.66% -5.38% -2.21% 2085 -88.95%