June 26, 2008
VIA EDGAR
Securities and Exchange Commission
Washington, D.C. 20549
Re: | Request for Acceleration of Effectiveness of Registration Statement on Form N-1A, |
Dear Ladies and Gentlemen:
Pursuant to Rule 461 promulgated under the Securities Act of 1933, as amended, PFPC Distributors, Inc. (the “Distributor”) hereby requests that the effective date of the above-captioned Registration Statement of IndexIQ Trust be accelerated so that the Registration Statement may become effective at 9:30 a.m. (EDT) on June 27, 2008, or as soon thereafter as practicable.
In requesting such acceleration, the Distributor acknowledges that (i) should the Commission or the staff, acting pursuant to delegated authority, declare the Registration Statement effective, it does not foreclose the Commission from taking any action with respect to the Registration Statement, (ii) the action of the Commission or the staff, acting pursuant to delegated authority, in declaring the Registration Statement effective, does not relieve the Distributor from its full responsibility for the adequacy or accuracy of the disclosure in the Registration Statement, and (iii) the Distributor may not assert this action as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
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| Very truly yours, |
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| /s/ Bruno DiStefano |
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| Bruno DiStefano |
| cc: | Mr. John Ganley |
A member of The PNC Financial Services Group
PFPC Distributors, Inc.
760 Moore Road King of Prussia Pennsylvania 19406