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

News provided by
Russell Investments
Jul. 25, 2012 14:06
SEATTLE, WA--(Korea Newswire)--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.”

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

Disclaimer: http://www.russell.com/indexes/about/index_alerts.asp#disclaimer

Website: http://www.russell.com

Contact

Lauren Goble
+852 9703 9161
Send Email