SOURCE: Russell Investments

Russell Investments

September 05, 2013 09:37 ET

Improving European Economy Reflected in Third Quarter Russell Developed Europe Index Performance, According to Russell Indexes

SEATTLE, WA--(Marketwired - Sep 5, 2013) - Europe's improving economy is starting to reflect in equity market performance in the third quarter, according to the Russell Indexes.

  • For the third quarter as of September 3, the Russell Developed Europe Index has returned 6.3%, outperformed the Russell 1000® Index, which returned 1.6% for the same time period.

  • The Russell Developed Europe Dynamic Index returned 9.8% for the third quarter as of September 3 compared to the Russell Developed Europe Defensive Index, with a 3.9% return for the same time period.

  • Russell Developed Europe Index country constituents Italy (11.8%) and Spain (10.6%) have been notable standouts in the third quarter as of September 3, among the top four performing constituents in the Index.

"We are seeing a friendlier environment for European equities in recent months as the Eurozone appears to be emerging from recession. And this appears to have attracted some investors interested in taking on companies and countries which may be considered more risky," said Wouter Sturkenboom, investment strategist for Russell Investments Europe. "As Europe begins to improve economically, the European equity markets are also improving."

Russell Index Returns

Index / Index Country Constituent 3rd Quarter to Date as of September 3   2013 YTD as of September 3
Russell Developed Europe Index 6.3%   11.6%
Russell Developed Europe Dynamic Index 9.8%   12.7%
Russell Developed Europe Defensive Index 3.9%   11.2%
Russell 1000 Index 1.6%   17.4%
Russell Developed Europe Index - Austria 11.0%   4.7%
Russell Developed Europe Index - Finland 12.8%   18.8%
Russell Developed Europe Index - France 6.8%   13.3%
Russell Developed Europe Index - Germany 3.6%   9.3%
Russell Developed Europe Index - Ireland 6.4%   23.7%
Russell Developed Europe Index - Italy 11.8%   7.7%
Russell Developed Europe Index - Luxembourg 10.4%   -0.6%
Russell Developed Europe Index - Netherlands 5.7%   9.7%
Russell Developed Europe Index - Norway 5.2%   4.6%
Russell Developed Europe Index - Portugal 6.4%   12.1%
Russell Developed Europe Index - Spain 10.6%   6.3%
Russell Developed Europe Index - Sweden 8.9%   15.8%
Russell Developed Europe Index - Switzerland 3.1%   15.2%
Russell Developed Europe Index - UK 6.9%   10.9%

Source: Russell Investments. Returns are denominated in euros.

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. 

Opinions expressed by Mr.Sturkenboom reflect market performance and observations as of September 3, 2013 and are subject to change at any time based on market or other conditions without notice. Past performance does not guarantee future performance.

This material is not an offer, solicitation or recommendation to purchase any security.

Nothing contained in this material is intended to constitute legal, tax, securities or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax and investment advice from a licensed professional. The information, analysis and opinions expressed herein are for general information only and are not intended to provide specific advice or recommendations for any individual entity.

Russell Investment Group is a Washington, USA corporation, which operates through subsidiaries worldwide, including Russell Investments, and is a subsidiary of The Northwestern Mutual Life Insurance Company.