SOURCE: Russell Investments

Russell Investments

May 30, 2012 23:49 ET

Russell Greater China Index Down (-9.2%) in May as of May 28th

SEATTLE, WA--(Marketwire - May 30, 2012) - After getting off to a strong start in 2012, with returns of +10.1% for January and +7.9% for February, the Russell Greater China Index has seen a Spring slowdown, returning (-4.8%) in March, (-0.3%) in April and was off (-9.2%) for May month-to-date as of May 28th.

Despite the negative performance in recent months, the Index was still positive year-to-date, with a +2.5% return. Year-to-date as of May 28th within the Russell Greater China Index, the lead sector performers were Technology (+7.7%), Healthcare (+4.5%) and Consumer Discretionary (+2.7%).

Within the Index, for May month-to-date as of May 28th, the Energy sector (-13.5%) was off the most, followed by the Consumer Discretionary (-11.6%) and Financial Services (-10.1%) sectors.

Top performing companies in the Russell Greater China Index year-to-date as of May 28th include China-based online video services provider Tudou Holdings Ltd. (+233.5%), Taiwan-based semiconductor testing and packaging solutions provider ChipMOS Technologies Bermuda Ltd. (+146.9%) and Ju Teng International Holdings Ltd. (+120.5%), the China-based technology manufacturer specializing in 3C (computers / communications / consumer) products.

"China is clearly in slowdown mode," said Steve Wood, chief market strategist at Russell Investments. "However, as global demand strengthens and trade financing slowly improves, the outlook for the Chinese economy should improve."

Russell Greater China Index Returns

Russell Index / Index Sector Jan-12 Feb-12 Mar-12 Apr-12 May MTD-a/o 5/28 YTD-2012
(as of 5/28)
Greater China Index 10.1% 7.9% -4.8% -0.3% -9.2% 2.5%
Technology 12.8% 8.5% 0.5% -4.5% -8.3% 7.7%
Financial Services 12.3% 8.0% -9.1% 2.8% -10.1% 1.9%
Utilities 0.3% 4.5% -0.3% 0.9% -5.3% -0.2%
Health Care 7.4% 8.2% -0.2% -3.1% -7.1% 4.5%
Consumer Discretionary 8.6% 11.0% -3.8% 0.1% -11.6% 2.7%
Consumer Staples 1.3% 4.3% 0.8% 1.8% -6.2% 1.8%
Energy 12.9% 5.3% -8.4% 2.8% -13.5% -3.2%
Materials & Processing 9.8% 10.2% -7.6% -3.3% -8.3% -0.8%
Producer Durables 10.7% 8.6% -4.5% -1.3% -8.2% 4.1%

Russell Greater China Company Returns

Russell Greater China Index - Top 5 Companies YTD-2012
(As of May 28
th, 2012)
Tudou Holdings Ltd. (China) 233.5%
ChipMOS Technologies Bermuda Ltd. (Taiwan) 146.9%
Ju Teng International Holdings Ltd. (China) 120.5%
Lijun International Pharmaceutical Holdings (China) 111.3%
Himax Technologies Inc. (Taiwan) 104.0%
Russell Greater China Index - Bottom 5 Companies
Hi Sun Technology China Ltd. -55.6%
Dejin Resources Group Co. Ltd. (China) -65.9%
Hao Tian Resources Group Ltd. (China) -68.5%
Neway Group Holdings Ltd. (China) -69.6%
China Kingstone Mining Holdings Ltd. -76.3%

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 benchmark 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

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