SOURCE: Russell Investments

Russell Investments

February 23, 2015 16:00 ET

European Indices Post Positive Returns Amid Greek Drama: Russell Indexes

Russell Strategist Reaffirms Positive Outlook on Longer Term

SEATTLE, WA--(Marketwired - Feb 23, 2015) - The Russell Developed Europe Index is now up 12% year-to-date as of 20 February as a new tentative agreement was reached Friday between Greece and Eurozone officials to extend its financial aid package. And amid the ups and downs of Greek negotiations with Eurozone members in the last week, the Russell Developed Europe Index was up 1.5% in the five trading days ended Friday, 20 February.

Wouter Sturkenboom - Senior Investment Strategist, Russell Investments
"While we believe that a European 'deal' for Greece is still more likely than a 'Grexit' from the Eurozone, it is still too early to say what form a potential deal may take. And despite the continued drama from Greece, we remain positive on European equities and see any Greece-related dip as a new opportunity for investors."

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2015 YTD Global Equity Market Performance - Russell Developed Europe Index

YTD 2015 as of 20 February   Week of 16-20 February   20 February
12.0%   1.5%   0.2%

Source: Russell Investments. Total returns, euro denominated.

Please note: Indexes are unmanaged and cannot be invested in directly. Returns represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.

Russell's publication of the Indexes or Index constituents in no way suggests or implies a representation or opinion by Russell as to the attractiveness of investing in a particular security. Inclusion of a security in an Index is not a promotion, sponsorship or endorsement of a security by Russell and Russell makes no representation, warranty or guarantee with respect to the performance of any security included in a Russell Index.

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Opinions expressed by Mr. Sturkenboom reflect market performance as of February 20, 2015 and are subject to change at any time based on market or other conditions without notice. Past performance does not guarantee future performance. 

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