Global Markets 5 Years After Lehman: Broad-Based and Robust Recovery in Global Equity Markets Led by U.S. Small Caps Since

Global Markets 5 Years After Lehman: Broad-Based and Robust Recovery in Global 
Equity Markets Led by U.S. Small Caps Since Historic
Bankruptcy 
SEATTLE, WA -- (Marketwired) -- 09/11/13 --  On September 15, 2008
Lehman Brothers Holdings, a global financial services firm and the
fourth largest U.S. investment bank at the time, declared bankruptcy. 
This historic and closely watched event helped initiate a rapid
market decline in subsequent months, with global equity markets
reaching all-time lows on March 9, 2009. Since this date, global
equity markets have had a measurable and sustained recovery, led by
U.S. stocks. 


 
--  The Russell 3000(R) Index, representing the broad universe of U.S.
    stocks, lost (-45.9%) between September 15, 2008 and March 9, 2009
    then rebounded between March 9, 2009 and September 10, 2013 with a
    +180.5% return. This return outpaced the Russell Developed Europe
    Index (+146.6%), Russell Emerging Markets Index (+143.7%) and Russell
    Asia-Pacific Index (+125.1%) for the same time period.
    
    
--  The Russell 2000(R) Index of small cap U.S. stocks, lost (-51.9%)
    between September 15, 2008 and March 9, 2009, then gained +219.9%
    between March 9, 2009 and September 10, 2013 driven primarily by
    returns in the Consumer Discretionary (+332.5%) and Materials &
    Processing (+274.8%) sectors.
    
    
--  The Russell 1000(R) Index of large cap U.S. stocks, lost (-45.4%)
    between September 15, 2008 and March 9, 2009, then gained +177.5%
    between March 9, 2009 and September 10, 2013, driven primarily by
    returns in the Consumer Discretionary (+278.5%) and Financial Services
    (+238.4%) sectors.

  
"Consistent with Russell's conclusion then that the end of the world
was indeed not nigh, market performance since those dark days of 2008
has reinforced the importance to global investors of a strategically
disciplined and adaptive multi-asset portfolio approach," said
Stephen Wood, Chief Market Strategist at Russell Investments. "While
the U.S. stock market performance has led, the equity market rally
since March 2009 has been broad-based as well as global -- even areas
such as emerging, which have faced challenges in recent months, have
logged strong performance since 2009 market lows."  


 
                                                                            
----------------------------------------------------------------------------
                         Sept 15, 2008 - March 9,  March 9, 2009 - Sept 10, 
 Index                   2009                      2013                     
----------------------------------------------------------------------------
 Russell 2000 Index                -51.9%                    219.9%         
----------------------------------------------------------------------------
 Russell 1000 Index                -45.4%                    177.5%         
----------------------------------------------------------------------------
 Russell 3000 Index                -45.9%                    180.5%         
----------------------------------------------------------------------------
 Russell Developed                 -49.4%                                   
 Europe Index                                                146.6%         
----------------------------------------------------------------------------
 Russell Emerging                  -43.6%                                   
 Markets Index                                               143.7%         
----------------------------------------------------------------------------
 Russell Asia-Pacific              -38.6%                                   
 Index                                                       125.1%         
----------------------------------------------------------------------------
 Russell 1000 Index                                                         
 Sector                                                                     
----------------------------------------------------------------------------
 Technology                        -40.2%                    165.4%         
----------------------------------------------------------------------------
 Health Care                       -31.3%                    162.0%         
----------------------------------------------------------------------------
 Consumer Discretionary            -45.9%                    278.5%         
----------------------------------------------------------------------------
 Consumer Staples                  -33.2%                    141.9%         
----------------------------------------------------------------------------
 Energy                            -41.1%                    120.5%         
----------------------------------------------------------------------------
 Materials & Processing            -56.0%                    192.9%         
----------------------------------------------------------------------------
 Producer Durables                 -54.5%                    231.2%         
----------------------------------------------------------------------------
 Financial Services                -65.2%                    238.4%         
----------------------------------------------------------------------------
 Utilities                         -34.9%                    104.4%         
----------------------------------------------------------------------------
 Russell 2000 Index                                                         
 Sector                                                                     
----------------------------------------------------------------------------
 Technology                        -46.3%                    248.9%         
----------------------------------------------------------------------------
 Health Care                       -42.3%                    204.5%         
----------------------------------------------------------------------------
 Consumer Discretionary            -57.5%                    332.5%         
----------------------------------------------------------------------------
 Consumer Staples                  -37.1%                    175.9%         
----------------------------------------------------------------------------
 Energy                            -71.1%                    222.3%         
----------------------------------------------------------------------------
 Materials & Processing            -59.3%                    274.8%         
----------------------------------------------------------------------------
 Producer Durables                 -56.1%                    218.1%         
----------------------------------------------------------------------------
 Financial Services                -53.2%                    175.8%         
----------------------------------------------------------------------------
 Utilities                         -36.2%                    114.3%         
----------------------------------------------------------------------------

 
Source: Russell Investments.  
Please note: 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.  
Past performance does not guarantee future performance. This material
is not an offer, solicitation or recommendation to purchase any
security. Returns cited are US dollar-denominated. 
Opinions expressed by Mr. Wood reflect market performance and
observations as of September 10, 2013 and are subject to change at
any time based on market or other conditions without notice.  
Nothing contained in this material is intended to constitute legal,
tax, securities or investment advice, nor an opinion regarding the
appropriateness of any investment, 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. The information, analysis and
opinions expressed herein are for general information only and are
not intended to provide specific advice or recommendations for any
individual entity. 
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. 
For further information contact:
Tim Benedict
212.702.7823
tbenedict@russell.com 
 
 
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