SEATTLE, WA--(Marketwire - Dec 13, 2012) - The Russell Eurozone Index reflected a return of 16.9% year-to-date as of December 7th, 2012, driven primarily by relatively strong gains in Belgium (34.7%), Austria (30.8%) and Germany (27.3%), according to Russell Indexes.
In Russell Investments' recently released 2013 Annual Global Outlook, its team of global investment strategists highlight core expectations for capital markets along with their outlook for the central investment issues in 2013. The outlook projects the eurozone will remain intact in 2013 amid market uncertainty, with a continuing tug of war between austerity and growth.
"Europe is still struggling to find the right policy mix to deal with both the symptoms and the disease of the Eurocrisis," said Wouter Sturkenboom, investment strategist with Russell Investments Europe. "As a result, 2013 may be another year in which a tug of war between deflationary austerity and reflationary monetary policy could keep financial markets volatile. We should continue to see ongoing volatility and a 'risk-on/risk-off' investment environment in Europe, creating the need for a dynamic, multi-asset portfolio approach."
|Index / Index Country Constituent||YTD Returns as of 12/7/12|
|Russell Eurozone Index||16.9%|
Source: Russell Investments
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