SOURCE: Russell Investments

Russell Investments

July 20, 2012 04:30 ET

Russell Indexes: Despite Significant Headwinds, the Russell Developed Europe Index Is Up 9.2% Year-to-Date as of July 18th

SEATTLE, WA--(Marketwire - Jul 20, 2012) -

  • The Russell Developed Europe Index of large cap European stocks has returned 3.2% this month (as of July 18th), contributing to a 9.2% return year-to-date.
  • During July, the Energy (+5.7%), Consumer Staples (+4.9%) and Health Care (+4.8%) sectors contributed most to the Index return, while Financial Services (+0.5%) contributed the least.
  • Year-to-date, the Consumer Discretionary (+15.6%), Consumer Staples (+14.7%) and Health Care (+14.1%) sectors have led returns within the Index by a wide margin. The Energy sector, although the strongest performing sector in July, is still the weakest performing sector in 2012 year-to-date at 2.5%.
  • "The European equity market overall is beginning to recover ground lost in the second quarter, as reflected in the Russell Developed Europe Index," said Gareth Parker, senior research director of index research at Russell Indexes. "However, in recent weeks the European financial services sector has faced challenges as European banks have been hit hard in the wake of the LIBOR scandal."
Russell Developed Europe Index
July Month-To-Date & 2012 Year-To-Date Performance
Russell Index / Index Sector  
July 2012
(as of July 18
2012 YTD
(as of July 18
Russell Developed Europe Index   3.2%   9.2%
Russell Developed Europe Consumer Discretionary   3.1%   15.6%
Russell Developed Europe Consumer Staples   4.9%   14.7%
Russell Developed Europe Energy   5.7%   2.5%
Russell Developed Europe Financial Services   0.5%   7.2%
Russell Developed Europe Health Care   4.8%   14.1%
Russell Developed Materials & Processing   2.7%   5.2%
Russell Developed Europe Producer Durables   2.7%   9.8%
Russell Developed Europe Technology   2.9%   10.6%
Russell Developed Europe Utilities   3.0%   5.1%

Source: Russell Investments

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: