SEATTLE, WA — (Marketwire) — 11/29/11 — The U.S. broad-market Russell 1000 Index has reflected significant losses year-to-date through November 28th when compared to returns from the same period in 2010. The Russell 1000 Index reflected a loss of (-3.8%) for 2011 year-to-date through November 28th, relative to a return of (+9.5%) for the same period in 2010.
“Even though we expect that the U.S. economy will likely dodge a recession in 2011, the seemingly un-ending European debt crisis will continue to test U.S. markets,” said Stephen Wood, New York-based Chief Market Strategist for Russell Investments. “That said, if Europe finds a credible solution to its problems, we believe that this combined with the strengthening of the U.S. economy and strong U.S. corporate profits could be significant positives for capital markets in the U.S.”
Similarly, month-to-date through November 28th, the Russell 1000 Index, Russell 1000 Growth Index and Russell 1000 Value Index have all significantly underperformed last year-s marginal returns for the same time period.
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:
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