SOURCE: Russell Investments

Russell Investments

July 24, 2012 04:38 ET

The Russell Asia Pacific Index Returned +4.4% Year-to-Date as of July 20th

SEATTLE, WA--(Marketwire - Jul 24, 2012) - The Russell Asia Pacific Index returned +4.4% year-to-date as of July 20th, yet has lost (-0.22%) for the month as of July 20th

Helping to drive the year-to-date return for the Index includes country constituents the Philippines (26.03%), Singapore (21.77%), Thailand (20.98%), Hong Kong (10.03%) and Malaysia (9.95%). 

Notably, country constituents China (2.57%), Indonesia (1.95%) and Japan (0.00%) have had the lowest returns year-to-date within the Index. Country constituent Indonesia moved upward thus far in July, returning 3.03%, while China (-0.46%) and Japan (-3.03%) lost ground for the same time period.

"We continue to see some of the strongest performance this year from smaller markets like the Philippines and Thailand that have tended to be historically undercorrelated with macro weakness in other parts of the world," said Sarah Lien, Senior Research Analyst for Russell Investments. "Even though Singapore's GDP fell an annualized 1.1% in the three months through June from the previous quarter, this market has posted strong equity returns in July and year-to-date. The Singapore equity market offers a deeper selection of stocks in defensive areas such as telecommunications and utilities than other countries in the Asia Pacific region, which has led to country-specific investment opportunities."

Russell Asia Pacific Index Returns

     
Index YTD-2012
As of July 20
th
July Month-To-Date
As of July 20th
Russell Asia Pacific Index 4.37% -0.22%
Country YTD-2012
As of July 20th
July Month-To-Date
As of July 20th
Philippines 26.03% -0.59%
Singapore 21.77% 5.59%
Thailand 20.98% 3.30%
Hong Kong 10.03% 2.96%
Malaysia 9.95% 4.15%
New Zealand 9.94% 0.92%
India 8.77% 0.19%
Australia 7.39% 3.73%
Taiwan 4.77% -0.35%
Korea 2.77% -1.53%
China 2.57% -0.46%
Indonesia 1.95% 3.03%
Japan 0.00% -3.03%
     
     
     

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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