SOURCE: Russell Investments

Russell Investments

February 08, 2012 10:44 ET

Russell Developed Europe Index: Small- and Mid-Cap Stocks Primarily Led European Index Rebound in 2012

SEATTLE, WA--(Marketwire - Feb 8, 2012) - Year-to-date performance for the constituents of the Russell Developed Europe Index through February 7th, 2012:

  • All cap sizes across the Russell Developed Europe Index showed positive returns to date in 2012.

  • This reverses the trend in 2011 of negative performance across the Index, with Ireland's mid- and large-cap stocks and Netherlands' large-cap stocks the only positive performers for the year.

  • Small- and mid-cap stocks primarily led this year, with small- or mid-cap sectors outperforming the large cap sector for 15 out of 17 country constituents within the index.

  • In 2011, large-cap stocks were the strongest performers, with more than half of the constituents within the Russell Developed Europe Index showing stronger relative performance for large cap relative to small- or mid-cap.

  • Standout performances among the European small- and mid-cap sectors in 2012 include small-cap (+22.7%) and mid-cap (+30.5%) stocks within the Greece Index, small-cap stocks within the Ireland Index (+17.9%) and small-cap stocks within the Italy Index (+17.6%).

"As with the rest of the global equity rally, European stocks have demonstrated positive performance relative to 2011," said Russell Europe's head of capital markets John Velis. "As with such 'risk-on' rallies, higher beta sectors and small- and mid-cap stocks have tended to outperform in such a climate."

Russell Developed Europe Index Country Returns - 2011 & 2012 YTD
Index / Country Constituent 2012 Returns (a/o 2/7/12) 2011 Returns
Small Mid Large Small Mid Large
Russell Developed Europe Index +13.2% +10.0% +8.0% -17.2% -12.6% -8.1%
Russell Austria Index +9.6% +15.2% +19.0% -29.6% -23.0% -33.4%
Russell Belgium Index +7.8% +9.2% +7.8% -16.8% -21.7% -8.4%
Russell Switzerland Index +13.1% +8.9% +5.9% -23.7% -15.3% -5.7%
Russell Germany Index +13.0% +15.4% +14.4% -17.7% -18.9% -14.5%
Russell Denmark Index +17.0% +8.0% +12.0% -23.8% -13.3% -13.8%
Russell Spain Index +6.4% +5.1% +4.8% -21.3% -2.5% -8.0%
Russell Finland Index +16.8% +15.6% +10.4% -27.6% -26.5% -28.4%
Russell France Index +14.3% +10.9% +8.5% -21.4% -17.0% -12.7%
Russell UK Index +12.3% +8.4% +7.1% -7.0% -3.8% -1.1%
Russell Greece Index +22.7% +30.5% +30.5% -48.0% -58.5% -58.5%
Russell Ireland Index +17.9% +15.6% +9.6% -7.3% +24.3% +14.9%
Russell Italy Index +17.6% +14.0% +10.7% -28.6% -27.1% -20.8%
Russell Luxembourg Index +15.3% +1.3% +7.5% -16.1% -4.7% -28.5%
Russell Netherlands Index +11.8% +8.2% +1.3% -27.7% -18.3% +3.0%
Russell Norway Index +14.7% +12.4% +6.3% -22.7% -17.9% -7.6%
Russell Portugal Index +5.6% +0.7% +0.2% -40.5% -33.6% -23.7%
Russell Sweden Index +13.0% +9.7% +10.7% -17.8% -5.9% -12.5%

Opinions expressed by Mr. Velis reflect market performance and observations as of February 7, 2012 and are subject to change at anytime based on market or other conditions without notice. Please remember that past performance does not guarantee future performance.

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.