SOURCE: Russell Investments

Russell Investments

May 18, 2011 00:45 ET

Russell MENA Index Reflects 5.5% Loss YTD Through May 16, but Energy Sub-Sector in the Index Gains for the Period

SEATTLE, WA--(Marketwire - May 18, 2011) - The Russell MENA (Middle East and North Africa) Index posted an overall loss of 5.5% year-to-date through May 16, 2011. The Index, which had posted a positive return for the month of April (3.3%), has reflected a loss of 1.4% month-to-date through May 16, 2011.

Energy was the top performing sector within the Russell MENA Index for the year-to-date period through May 16, posting an 8.6% return. However, consumer discretionary (-10%), materials & processing (-5.6%), financial services (-5.9%), producer durables (-7.6%) and consumer staples (-8.1%) all reflected losses of more than 5% for the same time period.

Russell Index1Q Returns 2011April Returns 2011MTD Returns through May 16, May 2011YTD Returns through May 16, 2011
Russell MENA Index-7.2%3.3%-1.4%-5.5%

Sector1Q Returns 2011April Returns 2011MTD Returns through May 16, 2011YTD Returns through May 16, 2011
Materials & Processing-7.5%3.7%-1.6%-5.6%
Financial Services-7.7%2.2%-0.2%-5.9%
Producer Durables-12.7%5.7%0.2%-7.6%
Consumer Staples-8.6%0.7%-0.1%-8.1%
Consumer Discretionary-12.1%3.1%-0.7%-10.0%

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. 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.

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.