SOURCE: Russell Investments

Russell Investments

March 19, 2015 14:26 ET

Leadership Change: MidCap & Small Cap U.S. Stocks Lead Large Caps in 2015 YTD, According to Russell Indexes

Small-, Mid- & Large Cap U.S. Stocks Performed Differently in 2015 YTD as Measured by Russell, Underscoring the Importance of Precise Market Indexes

SEATTLE, WA--(Marketwired - Mar 19, 2015) - After U.S. large- and midcap stocks led other major U.S. equity cap tiers in 2014 with matching 13.2% returns as measured by the Russell Top 200® and Russell Midcap® Index, respectively, midcaps have pulled away from large caps in 2015 with a 3.6% return year-to-date as of March 16th as measured by the Russell Midcap® Index. U.S. small cap stocks, as reflected by the Russell 2000® Index, have also been strong in 2015, up 3.4% year-to-date as of March 17. U.S. large cap stocks as measured by the Russell Top 200® Index, which consists of the 200 largest U.S. stocks by market capitalization, have lagged relative to small and mid-caps thus far in 2015 with a 1% return. 

Tom Goodwin, PhD -
Senior Research Director, Russell Indexes
"Russell developed its U.S. market cap weighted benchmark series with the intention of providing investors with an accurate and objective reflection of performance across major cap tiers. With no gaps or overlaps, investors can be certain that Russell index performance clearly reflects the asset class the index is designed to represent."

Russell Indexes Performance as of March 17th

     
Index YTD as of 3/17/15 2014
Russell Midcap® Index 3.5% 13.2%
Russell 2000® Index 3.4% 4.9%
Russell Top 200® Index 1.0% 13.2%

Source: Russell Indexes. Total returns, US dollar denominated. Past performance does not guarantee future results.

For more information on the Russell U.S. Indexes, go to the Russell Indexes website.

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.

The Russell Midcap® Index measures the performance of the mid-cap segment of the U.S. equity universe. The Russell Midcap Index is a subset of the Russell 1000® Index. It includes approximately 800 of the smallest securities based on a combination of their market cap and current index membership. The Russell Midcap Index represents approximately 31% of the total market capitalization of the Russell 1000 companies.

The Russell 2000® Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000 Index is a subset of the Russell 3000® Index representing approximately 10% of the total market capitalization of that index. It includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership.

The Russell Top 200 Index measures the performance of the largest cap segment of the U.S. equity universe. The Russell Top 200® Index is a subset of the Russell 3000® Index. It includes approximately 200 of the largest securities based on a combination of their market cap and current index membership and represents approximately 68% of the U.S. market.

Russell Investments is the owner of the trademarks, service marks and copyrights related to its respective indexes.

Opinions expressed by Mr. Goodwin reflect market performance as of March 17, 2015 and are subject to change at any time based on market or other conditions without notice. Past performance does not guarantee future performance.

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.

Copyright © Russell Investments 2015. All rights reserved.

Russell Investments is a Washington, USA corporation, which operates through subsidiaries worldwide and is a subsidiary of London Stock Exchange Group.

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