Asian Defensive & Dynamic Stocks Performed Equally for 2012 Year-to-Date as Measured by the Russell Asia Pacific Defensive & Dynamic Indexes as of 7th May

News provided by
Russell Investments
May. 14, 2012 18:06
SEATTLE, WA--(Korea Newswire)--The Russell Asia Pacific Index returned +7.3% for the year-to-date as of May 7th, with equal performance to the Russell Asia Pacific Dynamic Index (+7.3%) and the Russell Asia Pacific Defensive Index (+7.3%) for the same time period.

Year-to-date performance tells a different story from the first quarter of 2012, in which the Russell Asia Pacific Index returned +9.4%, with the Russell Asia Pacific Dynamic Index (+11.6%) outperforming the Russell Asia Pacific Defensive Index (+6.7%).

“The market seems to have shifted towards more of a risk-off mode as reflected by recent Russell Asia-Pacific Index returns,” said Sarah Lien, Asia-based senior research analyst for Russell Investments. “Dynamic stocks have pulled back quite a bit relative to Defensive stocks when comparing first quarter to 2012 YTD performance. Despite the signs pointing to a risk-off environment, the spread between Dynamic and Defensive stocks is currently non-existent, and it is unclear how the rest of the year will unfold given that factor trends have not been persistent.”

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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