SOURCE: Russell Investments

Russell Investments

April 12, 2012 03:30 ET

Defensive Stocks Outperformed Dynamic Stocks in Asia, as Measured by the Russell Asia Pacific Defensive & Dynamic Indexes, Month-to-Date of April 9th

SEATTLE, WA--(Marketwire - Apr 12, 2012) - The Russell Asia Pacific Defensive Index returned 0.4% for the month-to-date as of April 9th, outperforming the Russell Asia Pacific Dynamic Index which returned (-0.4%) for the same time period. This reverses the trend for the first quarter, in which the Russell Asia Pacific Dynamic Index returned 11.6% versus its Defensive counterpart which returned 6.7%.

In the first quarter of 2012, Thailand (+18.7%) and the Philippines (+18.0%) led country returns within the Russell Asia Pacific Index with Indonesia (+3.6%) and Malaysia (+5.9%) at the bottom for quarterly performance. For the month-to-date through April 9th, China (+2.8%) and Indonesia (+2.3%) led country returns within the Index, while Taiwan (-2.3%) and Japan (-1.8%) were at the bottom.

Leading sectors within the Russell Asia Pacific Index have also shifted from the first quarter to the month-to-date through April 9th, with the Technology (14.6%), Financial Services (11.1%) and Consumer Discretionary (11.1%) sectors, which led in the first quarter, giving way to the Utilities (1.1%), Consumer Staples (0.9%) and Energy (0.7%) sectors leading within the Index thus far in April.

"The defensive rally thus far in the second quarter, highlighted by the Utilities and Consumer Staples sectors outperformance, marks a departure from the cyclical outperformance of the first quarter," said Sarah Lien, Asia-based research analyst for Russell Investments. "Thailand and the Philippines continue to be strong markets year-to-date, though these smaller markets have ceded leadership to Chinese stocks in China and Hong Kong in the second quarter."

Russell Asia Pacific Index Returns

Index First Qtr 2012 Returns April 2012 Returns (4/2-4/9)
Russell Asia Pacific Index 9.4% -0.1%
Russell Asia Pacific Dynamic Index 11.6% -0.4%
Russell Asia Pacific Defensive Index 6.7% 0.4%

Russell Asia Pacific Index Country Returns

Russell Asia Pacific Index Country First Qtr 2012 Returns April 2012 Returns (4/2-4/9)
Thailand 18.7% 0.3%
Philippines 18.0% 1.1%
India 17.9% 0.5%
Singapore 15.7% 0.0%
Taiwan 13.0% -2.3%
New Zealand 11.3% 0.9%
Hong Kong 10.6% 2.0%
Korea 10.3% 1.3%
China 8.4% 2.8%
Japan 7.9% -1.8%
Australia 7.5% 1.0%
Malaysia 5.9% 1.4%
Indonesia 3.6% 2.3%

Russell Asia Pacific Index Sector Returns

Russell Asia Pacific Index Sector First Quarter 2012 Returns April 2012 Returns (4/2-4/9)
Technology 14.6% -0.05%
Financial Services 11.1% 0.3%
Consumer Discretionary 11.1% 0.0%
Producer Durables 9.6% -1.1%
Energy 8.7% 0.7%
Materials & Processing 6.7% -1.2%
Consumer Staples 6.4% 0.9%
Healthcare 4.1% -0.3%
Utilities 1.8% 1.1%

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 benchmark 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

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