ETF Market Summary: Week Ending June 22nd 2007

  Last week, we'd seen 21 of 26 categories trade up.  This week, however, 21 of 26 categories traded down, returning a category average of -1.26%.  Since the end of last week, three categories have also passed into red for the prior month, including most notably large caps.

    Friday was scene to particular weakness, with an average category return of -0.88% and an average category dollar outflow of around $6M. 

Sector Day Week Month YTD Day $ Week Correlation to SPY
Utilities -1.84% -4.23% -5.01% 0.44% 365 71.73%
Real Estate -0.49% -4.02% -2.59% -0.25% 558 44.02%
Biotech -1.30% -3.68% -2.40% -0.07% 319 93.22%
Call/Write -2.30% -3.09% 0.78% 1.45% 7 31.58%
Healthcare -1.49% -2.96% -3.98% 0.57% 126 62.79%
Dividend -1.23% -2.45% -2.21% 0.35% 48 76.35%
Russia -1.75% -2.34% 5.54% -7.65% 8 79.62%
Latin America -1.04% -2.05% 7.70% 8.85% 61 85.38%
Convertible -0.44% -1.72% -3.37% -0.16% 17 -6.57%
Small Cap -0.80% -1.70% 1.17% 0.19% 8527 75.77%
Large Cap -1.08% -1.69% -0.17% 0.31% 3367 72.71%
Energy -0.98% -1.68% 4.92% 1.41% 1448 60.60%
Japan -0.92% -1.43% 0.58% 0.18% 204 69.89%
Mid Cap -0.74% -1.38% 1.09% 0.45% 1009 63.63%
Europe -1.04% -1.35% 0.29% 0.40% 183 82.47%
Consumer Goods & Services -0.62% -1.25% -0.28% 0.22% 142 33.63%
Transports -0.30% -1.10% -0.07% 10.34% 28 55.94%
MSCI -1.38% -1.01% 0.36% 8.79% 610 91.50%
Emerging Markets -1.32% -0.71% 6.15% 1.19% 1038 49.86%
Commodities & Resources -0.11% -0.71% 0.88% 0.39% 241 34.52%
Retail -0.68% -0.60% 1.16% 1.86% 296 32.20%
Asia -1.35% 0.06% 3.60% 1.38% 39 70.01%
Currency -0.05% 0.28% 1.77% 0.59% 36 -0.34%
Infrastructure -0.48% 0.72% -2.55% 14.91% 2 85.43%
Short 1.86% 2.57% -2.74% -1.60% 1819 -69.14%
China -1.08% 4.67% 16.69% 1.68% 338 75.19%