Top 20 ETFs By Creation Activity - Week Ending January 4, 2008

Fund

Ticker

Creations

Dollar Value

iShares S&P 500

IVV

5,750,000

$812,647,500

Vanguard REIT ETF

VNQ

5,002,020

$284,464,877

UltraShort S&P 500 ProShares

SDS

3,375,000

$196,323,750

Market Vectors Gold Miners

GDX

2,500,000

$124,525,000

iShares S&P GSCI Nat Res

IGE

900,000

$120,501,000

Retail HOLDRS

RTH

1,250,000

$109,400,000

Market Vectors-Agribusiness

MOO

1,900,000

$108,870,000

iShares Russell 1000 Growth

IWF

1,700,000

$99,331,000

iShares MSCI EAFE

EFA

1,200,000

$92,724,000

iShares Leh 1-3 Year Treas.

SHY

1,100,000

$90,805,000

Vanguard Total Bond

BND

1,100,000

$85,030,000

iShares MSCI Germany

EWG

2,400,000

$83,520,000

iShares S&P Global 100

IOO

1,000,000

$78,700,000

SPDR S&P Retail

XRT

2,300,000

$71,047,000

Vanguard Europe Pacific

VEA

1,503,540

$70,861,840

PowerShares DB Agriculture

DBA

2,000,000

$68,260,000

iShares Silver Trust

SLV

400,000

$60,552,000

iShares Russell 1000 Value

IWD

750,000

$58,230,000

Market Vectors Russia

RSX

1,100,000

$57,486,000

iShares Lehman TIPS

TIP

500,000

$53,390,000

Data from AMEX

Top 20 ETFs By Redemption Activity - Week Ending January 4, 2008

Fund

Ticker

Redemptions

Dollar Value

S&P 500 SPDR

SPY

(70,200,000)

($9,895,392,000)

iShares Russell 2000

IWM

(37,300,000)

($2,692,687,000)

PowerShares QQQ Trust

QQQQ

(30,550,000)

($1,475,259,500)

S&P 400 MidCap SPDR

MDY

(5,825,000)

($864,721,250)

iShares MSCI-Emerging Markets

EEM

(4,500,000)

($663,210,000)

DJIA DIAMONDS

DIA

(3,750,000)

($479,662,500)

Select Sector SPDR-Financial

XLF

(12,300,000)

($337,143,000)

iShares DJ US Real Estate

IYR

(4,350,000)

($266,872,500)

iShares Leh 20+ Year Treas.

TLT

(2,500,000)

($235,400,000)

Select Sector SPDR-Industrial

XLI

(5,150,000)

($193,640,000)

Oil Services HOLDRS

OIH

(1,009,400)

($189,333,158)

iShares FTSE/Xinhua China 25

FXI

(950,000)

($163,466,500)

Select Sector SPDR-Energy

XLE

(1,950,000)

($152,080,500)

iShares Russell 1000

IWB

(1,350,000)

($103,707,000)

Select Sector SPDR-Cons. Stpls

XLP

(2,950,000)

($82,747,500)

UltraShort QQQ ProShares

QID

(1,725,000)

($73,485,000)

Select sector SPDR-Technology

XLK

(2,800,000)

($70,140,000)

Select Sector SPDR-Health Care

XLV

(2,000,000)

($69,580,000)

Rydex S&P Equal Weight ETF

RSP

(1,499,650)

($67,334,285)

Select Sector SPDR-Cons Disc

XLY

(2,050,000)

($63,160,500)

Data from AMEX