The Markets April 27, 2007

Active Value Family of Indexes Unveiled

IndexIQ has introduced the Active Value family of indexes and has licensed the IndexIQ Active Value Small Cap Index to Claymore Advisors, LLC, which will create the Claymore/IndexIQ Small-Cap Value ETF.
Reported by
A news release said IndexIQ’s Active Value methodology uses a proprietary analytical process in seeking to capture the essence of a value investing strategy in a passively managed, tax efficient index product.
The Claymore/IndexIQ Small-Cap Value ETF seeks investment results that correspond generally to the performance, before fees and expenses, of the IndexIQ Active Value Small Cap Index.
More information is at www.indexiq.com.
The Markets April 27, 2007

American Funds is Best-selling Fund Group in March

American Funds edged out the Vanguard Group as the best-selling fund group in March with $7.2 billion, while Vanguard ended the month with $6.5 billion.
Reported by
State Street Global Advisors followed at $5.7 billion, Franklin Templeton at $2.3 billion, and Dodge & Cox rounded out the top five, with $2.2 billion, according to data from the Financial Research Corporation (FRC).
For the month, stock and bond mutual funds experienced net inflows of $36.4 billion. Domestic Equity funds led the way with net inflows of $13.6 billion, followed by Corporate Funds with a net intake of $11.5 billion, FRC said. International/Global funds had a $9.1 billion net intake.
By Morningstar category, Large Blend funds took in $6.5 billion in March, followed by Intermediate Term Bond funds with $5.5 billion, Moderate Allocation with $3.2 billion and Foreign Large Value at $2.5 billion.
Vanguard Total Stock Index collected nearly $2 billion to lead the fund sales charts. SPDR Trust followed at $1.8 billion, SSgA S&P 500 Index at $1.68 billion, and American Capital Income Builder at $1.61 billion.
FRC data can be found at www.frcnet.com.

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