Thursday, May 19th, 2011 - Russell Investment Group
SEATTLE, WA--(Marketwire - May 18, 2011) - The Russell MENA (Middle East and North Africa) Index posted an overall loss of 5.5% year-to-date through May 16, 2011. The Index, which had posted a positive return for the month of April (3.3%), has reflected a loss of 1.4% month-to-date through May 16, 2011.

Energy was the top performing sector within the Russell MENA Index for the year-to-date period through May 16, posting an 8.6% return. However, consumer discretionary (-10%), materials & processing (-5.6%), financial services (-5.9%), producer durables (-7.6%) and consumer staples (-8.1%) all reflected losses of more than 5% for the same time period.

                                                 MTD Returns     YTD Returns

                  1Q Returns   April Returns through May 16, through May 16,

Russell Index           2011            2011        May 2011            2011

                  ---------- --------------- --------------- ---------------

Russell MENA                                                                

 Index                 -7.2%            3.3%           -1.4%           -5.5%

                  ---------- --------------- --------------- ---------------

 

                                                 MTD Returns     YTD Returns

                  1Q Returns   April Returns through May 16, through May 16,

Sector                  2011            2011            2011            2011

                  ---------- --------------- --------------- ---------------

Energy                  7.4%            5.2%           -3.9%            8.6%

                  ---------- --------------- --------------- ---------------

Materials &                                                                

 Processing            -7.5%            3.7%           -1.6%           -5.6%

                  ---------- --------------- --------------- ---------------

Financial                                                                  

 Services              -7.7%            2.2%           -0.2%           -5.9%

                  ---------- --------------- --------------- ---------------

Producer Durables     -12.7%            5.7%            0.2%           -7.6%

                  ---------- --------------- --------------- ---------------

Consumer Staples       -8.6%            0.7%           -0.1%           -8.1%

                  ---------- --------------- --------------- ---------------

Consumer                                                                   

 Discretionary        -12.1%            3.1%           -0.7%          -10.0%

                  ---------- --------------- --------------- ---------------



The Russell Global Index includes more than 10,000 securities in 61 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

Notes:
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.

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.

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Lauren Goble

P: +852 9703 9161
W: www.russell.com/indexes/

Keywords

Russell Developed Index, Russell Frontier Index, Russell Emerging Markets Index

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