Russell MENA Index Reflects 5.5% Loss YTD Through May 16, but Energy Sub-Sector in the Index Gains for the Period

SEATTLE, WA--(Korea Newswire)--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.

 
Russell Index / 1Q Returns 2011 / April Returns 2011 / MTD Returns through May 16, May 2011 / YTD Returns through May 16, 2011
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Russell MENA Index -7.2% 3.3% -1.4% -5.5%
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Sector / 1Q Returns 2011 / April Returns 2011 / MTD Returns through May 16, 2011 / YTD Returns through May 16, 2011
---------- --------------- --------------- ---------------
Energy 7.4% 5.2% -3.9% 8.6%
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Materials & Processing -7.5% 3.7% -1.6% -5.6%
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Financial Services -7.7% 2.2% -0.2% -5.9%
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Producer Durables -12.7% 5.7% 0.2% -7.6%
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Consumer Staples -8.6% 0.7% -0.1% -8.1%
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Consumer Discretionary -12.1% 3.1% -0.7% -10.0%
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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

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