Russell Global Index: Turkey Outperforms Eurozone Countries YTD as of May 23rd, 2012
(firmenpresse) - SEATTLE, WA -- (Marketwire) -- 05/25/12 -- As investors in Europe and around the world continue to focus on Greece, two of Europe's neighboring nations are exhibiting strong relative equity market performance. One contributing factor to this performance may be their currency:
Among Eurozone countries within the Russell Global Index, for the year-to-date period as of May 23rd, Ireland has led all countries with a 10.2% return, followed by Germany (9.9%) and Austria (7.9%). Spain has been the worst performing Eurozone country year-to-date, with a (-19.8%) return, followed by Greece (-16.2%) and Portugal (-10.0%).
Interestingly, within the Russell Global Index, non-Eurozone country Turkey has returned +18.8% for the year-to-date period as of May 23rd, outperforming all Eurozone country constituents. And non-Eurozone country Poland has also had a positive return year-to-date at 4.4%.
"Unlike all Eurozone countries within the Russell Global Index, Turkey and Poland both are not tied to the euro currency, which may have actually helped their performance in recent years," said "This is reflected in the performance of the indexes."
Nothing contained in this material is intended to constitute legal, tax, securities or investment advice, nor an opinion regarding the appropriateness of any investments, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax and investment advice from a licensed professional.
Opinions expressed by Mr. Goodwin reflect market performance and observations as of May 23, 2012 and are subject to change at anytime based on market or other conditions without notice. Please remember that past performance does not guarantee future performance.
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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Datum: 25.05.2012 - 16:30 Uhr
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