SOURCE: Russell Investments

Russell Investments

April 13, 2012 11:33 ET

Triskaidekaphobia: Russell Indexes Measure Market Performance on Friday the 13th

SEATTLE, WA--(Marketwire - Apr 13, 2012) - As another Friday the 13th arrives, some markets may have less to fear than others, as measured by the Russell Indexes. Looking at the last ten years (which is 15 occurrences of Friday the 13th):

  • European equity markets, as measured by the Russell Developed Europe Index, fared better than U.S. markets, as shown below, on Friday the 13ths, with 60% (or 9 of 15) of these days showing positive returns.

  • For the U.S. equity markets, large cap U.S. stocks, as measured by the Russell 1000® Index, and small cap U.S. stocks, as measured by the Russell 2000® Index, had positive returns on slightly more than half of these days (8 of 15).

Individual European country returns within the Russell Developed Europe Index on Friday the 13th over the last ten years show notable differences across countries:

  • Austria may have nothing to fear from Friday the 13th, with positive performance in 80% (12 of 15) of the Friday the 13th market days in the last ten years.

  • Italy & Belgium have had a difficult time on Friday the 13th. Each had a negative return in ten of the last fifteen Friday the 13th occurrences.

  • Greece, Switzerland and The Netherlands have also had a difficult time on Friday the 13th, with negative returns in nine of the last fifteen Friday the 13th occurrences.

Gareth Parker, senior director at Russell Indexes comments:
"I'm not a superstitious man, but for those amongst us who are it might be a surprise that Friday the 13th has generally brought more positive stock market returns as demonstrated by the Russell Indexes. The varying returns across European countries show just how difficult it is to predict markets and how important it is to have benchmarks that accurately measure performance across global markets and regions."

Notes to editors

  • Triskaidekaphobia fear of the number 13. Paraskevidekatriaphobia is fear of Friday the thirteenth, a date which in some cultures is consider to be unlucky (source: MacMillan Dictionary)

Friday the 13th - Broad Market Returns

Date Russell 1000® Index Russell 2000® Index Russell Developed Europe Index
Jan 13, 2012 -0.51% -0.82% -0.07%
May 13, 2011 -0.82% -1.39% -0.37%
Aug 13, 2010 -0.40% -1.21% 0.23%
Nov 13, 2009 0.61% 1.03% 0.47%
Mar 13, 2009 0.75% 0.77% 0.77%
Feb 13, 2009 -0.95% -0.46% 0.42%
Jun 13, 2008 1.51% 1.92% 0.50%
July 13, 2007 0.34% 0.07% 0.43%
Apr 13, 2007 0.35% 0.53% 0.68%
Oct 13, 2006 0.22% 0.74% 0.30%
Jan 13, 2006 0.13% 0.23% -0.51%
May 13, 2005 -0.47% -0.83% 0.01%
Aug 13, 2004 0.12% 0.06% -0.31%
Feb 13, 2004 -0.52% -1.28% -0.15%
Jun 13, 2003 -1.01% -1.54% -1.30%

Friday the 13th - Country Returns Within the Russell Developed Europe Index

Date Austria Belgium Switzerland Germany Denmark Spain
Jan 13, 2012 0.51% -0.92% -0.11% -0.57% -0.09% 0.27%
May 13, 2011 -1.16% 0.61% -0.35% -0.42% 0.81% -1.20%
Aug 13, 2010 0.88% -0.03% 0.60% -0.32% -0.02% -0.70%
Nov 13, 2009 0.27% 0.99% -0.20% 0.34% -0.04% 0.27%
Mar 13, 2009 1.65% -0.59% 1.13% 0.09% 0.40% 1.43%
Feb 13, 2009 1.02% -0.29% 0.27% 0.20% 2.08% 0.75%
Jun 13, 2008 0.31% 0.04% 0.41% 0.64% 0.26% 1.01%
July 13, 2007 0.35% 0.40% 0.13% 0.36% 0.33% 0.54%
Apr 13, 2007 0.88% 0.16% 0.57% 0.92% 0.53% 0.54%
Oct 13, 2006 1.06% 0.03% -0.26% 0.18% 0.05% 0.40%
Jan 13, 2006 -0.75% -0.21% -0.03% -0.95% -0.73% -0.90%
May 13, 2005 -0.15% -0.54% -0.07% 0.09% -0.42% 0.48%
Aug 13, 2004 0.19% -0.61% -0.31% -0.26% -0.47% -0.64%
Feb 13, 2004 0.90% -0.35% -0.14% -1.25% -0.27% -0.51%
Jun 13, 2003 0.24% -1.45% -1.80% -1.50% -0.94% -0.21%

Date Finland France UK Greece Ireland Iceland
Jan 13, 2012 -0.89% -0.16% 0.44% 2.13% 1.09% 0.02%
May 13, 2011 -0.21% -0.10% -0.57% 0.28% -0.38% -2.12%
Aug 13, 2010 0.69% -0.19% 0.89% -0.50% -0.64% 0.23%
Nov 13, 2009 0.33% 0.20% 1.18% -1.34% 0.75% 2.14%
Mar 13, 2009 -1.56% 0.36% 1.59% 0.12% 1.72% 0.31%
Feb 13, 2009 -0.04% 0.94% 0.02% -0.07% -1.12% 2.23%
Jun 13, 2008 0.90% 0.24% 0.76% -2.45% 0.60% -0.33%
July 13, 2007 0.92% 0.34% 0.56% 1.64% -0.13% 0.29%
Apr 13, 2007 0.75% 0.67% 0.70% 1.04% 0.48% 1.29%
Oct 13, 2006 0.12% -0.13% 0.84% 0.25% 0.15% 1.19%
Jan 13, 2006 -0.49% -0.75% -0.14% -0.02% 0.18% 0.69%
May 13, 2005 0.90% 0.06% -0.11% -0.30% -0.19% 1.28%
Aug 13, 2004 0.58% -0.16% -0.40% -0.03% -0.35% 0.44%
Feb 13, 2004 -1.48% -0.71% 0.81% -0.20% -0.30% 1.40%
Jun 13, 2003 -1.59% -1.23% -1.26% -0.68% 0.35% -0.11%

Date Italy Luxembourg Netherlands Norway Portugal Sweden
Jan 13, 2012 -0.81% -0.60% -0.28% -1.07% -0.65% -0.67%
May 13, 2011 -0.21% -0.27% -0.61% 0.40% -0.09% -0.13%
Aug 13, 2010 -0.28% 0.47% -0.18% 0.18% 0.16% 0.15%
Nov 13, 2009 0.28% 0.29% -0.08% 0.76% 0.18% 0.10%
Mar 13, 2009 -0.34% -0.25% 0.32% 1.65% 0.30% -0.70%
Feb 13, 2009 0.52% 2.14% 0.22% 3.01% 0.53% 1.40%
Jun 13, 2008 0.16% 0.95% 0.05% 0.79% -0.10% 0.35%
July 13, 2007 0.36% 1.37% 0.35% 0.26% 0.39% 0.29%
Apr 13, 2007 0.66% 0.00% 0.80% 0.77% 0.40% 0.42%
Oct 13, 2006 -0.05% 1.73% -0.02% 2.19% 0.02% -0.57%
Jan 13, 2006 -0.99% -1.25% -1.36% -0.70% 0.14% -0.69%
May 13, 2005 -0.06% -0.53% 0.12% -1.66% 0.08% 0.67%
Aug 13, 2004 -0.22% -0.90% -0.23% 1.22% -0.69% -0.47%
Feb 13, 2004 -0.99% -0.70% -0.55% -0.49% 0.09% -0.75%
Jun 13, 2003 -0.55% -0.05% -2.68% -1.16% -0.04% -2.02%

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: http://www.russell.com/indexes/data/daily_total_returns_global.asp

Opinions expressed by Mr. Parker reflect market performance and observations as of April 13th, 2012 and are subject to change at any time based on market or other conditions without notice. Please remember that past performance does not guarantee future performance.

Nothing contained in this material is intended to constitute legal, tax, securities or investment advice, nor an opinion regarding the appropriateness of any investments, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax and investment advice from a licensed professional.

Please note: 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.

European index returns cited are euro-denominated.

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.