The Markets July 18, 2007

Mid-Cap Growth Stocks Outperform in Q2

Mid-cap growth stocks were up 7.23% in the second quarter, making them the star performers among the nine U.S. investment styles listed by Standard&Poor’s.
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According to a press release, the average mid-cap growth stock, as determined by the S&P MidCap 400 Growth Index, was up 7.23% for the three months ending June 29, 2007.

Large-cap stocks outperformed both mid- and small-cap stocks during the same period, with the S&P 500 posting returns of 6.27% compared to 5.84% for the S&P MidCap 400 and 5.18% for the S&P SmallCap 600.

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The second quarter 2007 returns look far different than they did a year ago, when all three major indices landed in negative territory with the S&P 500 falling 1.44%, the S&P MidCap 400 losing 3.11%, and the S&P SmallCap 600 dropping 4.16%.

Energy (+14.16%) was the best performing sector within the S&P Composite 1500 (an index comprised of the S&P 500, S&P MidCap 400 and S&P SmallCap 600), gaining 14.16% for the quarter.

Information Technology followed, returning 9.92% and Industrials, returned 9.75%. Utilities ranked as the poorest performing sector, retreating by 1.62%.

Deals & People July 18, 2007

BISYS and Pentegra Retirement Services to Bring Open Architecture to Advisers

Recordkeeper and plan administrator BISYS Retirement Services and Pentegra Retirement Services, a retirement plan provider, are collaborating to distribute BISYS’s LinkInsight open architecture investment platform to financial advisers.
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According to a press release about the alliance, the model allows third party administrators (TPAs) and financial advisers to work together to provide retirement plan solutions to plan sponsors and their participants. The model includes plan installation and conversion support, daily valuation and recordkeeping, Web-enabled access to information, and a suite of sponsor-and participant-directed services, communications, education and support.

“Through this mutually beneficial arrangement, financial advisors can leverage BISYS’ LinkInsight platform and Pentegra’s combined defined benefit and defined contribution plan experience to offer an integrated retirement plan solution,” said Charles Wenzel, senior vice president at BISYS Institutional Sales, in the press release.

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Pentegra oversees the retirement programs of more than 600 community banks, credit unions and other small businesses representing over $4.3 billion in assets under administration.

For more information, visit http://www.bisysretirement.com/.

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