SOURCE: Russell Investments

Russell Investments

February 03, 2012 05:30 ET

Russell Developed Europe Index: Majority of Country Constituents Bounce Back in January Versus 2011; Greece Has Led Returns Year to Date

SEATTLE, WA--(Marketwire - Feb 3, 2012) - Year-to-date performance for the constituents of the Russell Developed Europe Index through January 31st, 2012:

  • Greece has gone from "worst to first." The index led the Eurozone thus this year despite being the worst performing index in 2011 (-55.2%).
  • The top five countries within the index in January were Greece (+23.4%), Austria (+9.9%), Germany (+9.5%), Finland (+7.8%) and Italy (+6.1%).
  • The UK has returned (+4.1%) in January, placing it 11th out of 18 countries within the index.
  • Iceland (-5.9%), Portugal (-4.4%) and The Netherlands (-0.1%) were at the bottom of the Russell Developed Europe Index -- the only countries with negative performance for 2012 year-to-date.

Russell Developed Europe Index Country Returns - 2012

Country Index 2012 Returns
(as of 1/31/12)
2011 Returns
Greece 23.4% -55.2%
Austria 9.9% -32.8%
Germany 9.5% -14.7%
Finland 7.8% -28.2%
Italy 6.1% -21.4%
Sweden 5.8% -13.1%
Luxembourg 5.6% -27.4%
Denmark 5.3% -14.6%
France 5.2% -13.0%
Norway 4.7% -10.2%
United Kingdom 4.1% -1.6%
Ireland 4.0% 10.8%
Belgium 3.2% -9.6%
Switzerland 2.7% -6.4%
Spain 0.5% -8.5%
Netherlands -0.1% 1.3%
Portugal -4.4% -25.1%
Iceland -5.9% -12.8%

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 index 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

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.

Index returns presented are euro-denominated.

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.