SEATTLE, WA--(Marketwire -01/12/12)-
Year-to-date through January 11th, 2012:
- The top five countries include Finland (+2.3%), Germany (+2.0%), Luxembourg (+1.9%), Sweden (+1.6%) and the United Kingdom (+1.0%) according to the Russell Developed Europe Index
- The United Kingdom was the 5th best performing country according to the Russell Developed Europe Index. It returned (+1.0%) this year against a return of (-0.02%) for the Russell Developed Europe Index (Norway also returned (+1.0%) for this period).
- Merkel ahead of Sarkozy: France (-0.9%) has underperformed relative to Germany for 2012 year-to-date within the Russell Developed Europe Index.
- Spain (-3.4%), Italy (-4.5%) and Greece (-8.4%) were in the bottom of the Russell Developed Europe Index for 2012 year-to-date performance.
- The Russell Developed Europe Index reflected a loss of (-0.02%) year-to-date, underperforming the Russell 1000® Index of large cap U.S. stocks, which has returned (+3.0%) for 2012 YTD.
"European policy issues appear to be the biggest source of systemic risk, and current market returns may reflect continued investor unease with the Eurozone," said Russell Europe's head of capital markets John Velis. "Already this year we can see a broad divergence in the performance of European indexes and their North American counterparts."
Russell Developed Europe Index Country Returns - 2012
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2012 Returns
Country Index (as of 1/11/12)
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Finland 2.3%
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Germany 2.0%
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Luxembourg 1.9%
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Sweden 1.6%
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United Kingdom 1.0%
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Norway 1.0%
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Ireland 0.6%
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Switzerland -0.4%
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France -0.9%
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Austria -2.2%
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Netherlands -2.5%
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Portugal -2.9%
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Spain -3.4%
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Italy -4.5%
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Greece -8.4%
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Russell Developed Europe Index & Russell 1000 Index Returns - 2012
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2012 Returns (as of
Index 1/11/12)
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Russell Developed Europe Index -0.02%
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Russell 1000 Index 3.0%
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Opinions expressed by Mr. Velis reflect market performance and observations as of January 11, 2012 and are subject to change at anytime based on market or other conditions without notice. Please remember that past performance does not guarantee future performance.
Denmark, Iceland and Belgium were not considered for analysis because they did not meet business requirements for breadth of constituents within the country index.
The Russell Global Index includes more than 10,000 securities in 48 countries and covers 98% of the investable global market. All securities in the index are classified according to size, region, country and sector. Daily Returns for the main components are available here: http://www.russell.com/indexes/data/daily_total_returns_global.asp
Disclaimer: http://www.russell.com/indexes/about/index_alerts.asp#disclaimer
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