SOURCE: Russell Investments

Russell Investments

October 14, 2010 04:15 ET

Russell Global Index: United Arab Emirates Outperforms in GCC

TACOMA, WA--(Marketwire - October 14, 2010) -  The United Arab Emirates has outperformed other countries in the Gulf Cooperation Council thus far for the month of October as the Russell United Arab Emirates Index reflected a 4.8% month-to-date gain return through October 11, 2010.

This return is largely fueled by the country's largest sector, financial services (up 4.5%), which represents almost a 57% weighting in the Russell United Arab Emirates Index. Utilities, one of the smallest weighted sectors in the country (0.6%), is the best performing sector month-to-date with a 7.4% gain through October 11, 2010.

Russell Index
MTD Returns through October 11, 2010
Russell United Arab Emirates Index 4.8%
Russell Bahrain Index 2.2%
Russell Kuwait Index 1.1%
Russell Qatar Index 1.0%
Russell Oman Index 0.6%


Russell United Arab Emirates Index: Sectors
MTD Returns through October 11, 2010 Weight
as of October 11, 2010
Utilities 7.4% 3.6%
Producer Durables 5.8% 16.9%
Energy 4.8% 19.0%
Financial Services 4.5% 57.3%
Consumer Discretionary 3.8% 2.0%
Consumer Staples 3.5% 0.5%
Materials & Processing 0.0% 0.6%

The Russell Global Index includes more than 10,000 securities in 61 countries and covers 98% of the investable global market. All securities in the benchmark are classified according to size, region, country and sector. Daily Returns for the main components are available here:

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.

Index returns in this piece are based on USD.

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.