Asian Defensive Stocks Outperformed Their Dynamic Counterparts YTD in 2012 as of September 10th as Measured by the Russell Asia Pacific Index
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SEATTLE, WA--(Marketwire - September 14, 2012) - The Russell Asia Pacific Defensive Index returned +11.0% for the year-to-date as of September 10th, compared to a +4.4% return for the Russell Asia Pacific Dynamic Index for the same time period.
The spread between the performance of defensive and dynamic stocks in Asia was approximately 2% for the first half of 2012, with a +5.7% return for the Russell Asia Pacific Defensive Index compared to a +3.7% return for the Russell Asia Pacific Dynamic Index.
This spread has widened in the third quarter as of September 10th, as illustrated by a +5.0% return for the Russell Asia Pacific Defensive Index compared to a +0.7% return for the Russell Asia Pacific Dynamic Index for this time period.
"The risk-off stance has been rewarded YTD in 2012 by the market," said Sarah Lien, Asia-based senior research analyst for Russell Investments. "Defensive stocks have clearly been the better performers as investors watch the unfolding of macro-economic events in Europe, the US, and China. It will be interesting to watch how this trend continues to progress over the rest of the year."
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Russell Asia Pacific Index Returns
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First Half 2012 Third Qtr To Date 2012 YTD Returns
Index Returns (as of 9/10/12) (as of 9/10)
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Russell Asia Pacific
Dynamic Index 5.7% 5.0% 11.0%
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Russell Asia Pacific
Defensive Index 3.7% 0.7% 4.4%
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
