SOURCE: Russell Investments

Russell Investments

December 05, 2013 11:33 ET

November to Remember: Global Equity Markets Continue to Climb, as Reflected by the Russell Global Indexes

SEATTLE, WA--(Marketwired - Dec 5, 2013) -  Led by the U.S., global equity markets continued to exhibit strong performance in November as of November 29 as reflected by the Russell Global Indexes:

  • The broad U.S. equity market, as reflected by the Russell 3000® Index, returned 2.9% in November and is up 30.1% year-to-date as of November 29. Small caps helped lead U.S. equity market performance for this same time period, with a 4% return for the Russell 2000® Index in November relative to a 2.8% return for the U.S. large cap Russell 1000® Index.

Outside the U.S., most equity market performance was also positive in November as of November 29, with Europe a leading contributor:

  • The Russell Developed ex-U.S. Index returned 0.7% in November and is up 20.6% year-to-date as of November 29.

  • The Russell Developed Europe Index returned 1.4% in November and is up 24.9% year-to-date as of November 29. Germany was a standout within the Index in November, with a 4% return, while Italy was the worst country performer within the Index in November, with a (-1.3%) return.

  • Emerging markets, as reflected by the Russell Emerging Markets Index, returned (-1.5%) in November and 1.1% year-to-date as of November 29. China was a standout within the Index in November, with a 4.3% return, while Indonesia was the worst country performer within the Index in November, with a (-12.1%) return.

  • Frontier markets, as reflected by the Russell Frontier Market Index, returned 1.9% in November and the Index is up 19.9% year-to-date as of November 29.

Also, a number of Russell Global Indexes hit all-time highs during the month of November. Several indexes such as the Russell 2000 Index (11/29), Russell 1000 Index (11/27), Russell Global Index (11/29), Russell Global Small Cap Index (11/29), Russell Developed Europe Small Cap Index (11/29) and the United Kingdom and Germany country constituents within the Russell Global Index (11/29) all new all-time highs for total return index value during the month.

"Global markets continued their climb in November as the global economy notched more encouraging economic growth. And, while a recent increase in interest rates in the U.S. highlights potential risks to the U.S. economy and markets, continuing accommodative global monetary policy, investor confidence and earnings could be key supports if they continue in 2014," said Stephen Wood, chief market strategist for Russell Investments. "A closer look at index returns shows the wide range of returns across regions, markets, sectors and capitalization, which reinforces the importance of maintaining a globally diversified multi-asset portfolio approach."

Index / Index Country November 2013 2013 YTD a/o 11/29
Russell 3000 Index 2.9% 30.1%
Russell 1000 Index 2.8% 29.6%
Russell 2000 Index 4.0% 36.1%
Russell Developed ex-U.S. Index 0.7% 20.6%
Russell Developed Europe Index 1.4% 24.9%
Russell Emerging Markets Index -1.5% 1.1%
Russell Frontier Markets Index 1.9% 19.9%

Source: Russell Investments. Returns are total returns (reflect reinvestment of dividends and distributions) and are denominated in US dollars. All time highs for November are based on total return index price value.

The Russell Global Index measures the performance of the global equity market based on all investable equity securities, and is constructed to provide a comprehensive and unbiased barometer for the global segment. The index includes more than 10,000 securities in 47 countries, and covers 98% of the investable global market. All securities in the Russell Global Index are classified according to size, region, country and sector; as a result the index can be segmented into more than 300 distinct benchmarks.

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. Wood reflect market performance as of November 29, 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.