“May was tough on every market segment,” said Dennis
Jensen, portfolio manager. “The widespread downturn in May was
particularly painful for small caps as the Russell 2000 posted its worst
monthly return in the past calendar year.”
Despite two consecutive months of negative returns, the Russell
2000 (7.5%) reflects a relatively strong return for 2006 and continues to lead
the large-cap Russell 1000Ò Index (2.6%) for the year. For its part, the Russell 2000 Growth has
increased 6% in 2006, while the Russell 1000Ò Growth Index (-0.54%)
shows a slight decline for the year. In addition, the Russell 2000Ò Value Index continues
to lead all other Russell indexes year-to-date with a 9.1% increase for 2006.
“Finding winners in the May performance figures isn’t
easy, but it’s noteworthy that the Russell MidcapÒ Value Index (-2.09%) reflected
the best return for the month,” said Jensen. “The index also posted
the largest gain for 2005 and its three-year annualized return of 22.1% through
the end of May leads the family of Russell indexes.”
Among
the 12 sectors in Russell indexes, technology suffered the most at every market
capitalization tier. The sector lost 7.2% in the broad-market Russell 3000Ò Index and 9.9% in the
Russell 2000.
The
top-performing stock in the large-cap Russell 1000 was Valhi (25.5%), which was
followed by two companies in the autos and transportation sector: TRW Automotive
(25.5%) and General Motors (18.8%). By contrast, four of the worst performing
stocks are in the consumer discretionary sector, including Expedia (-23.8%) and
Claire’s Stores (-22.9%).
In the Russell 3000, about 72% of the members lost value in May,
including 317 of the 375 stocks in the technology sector.
In the Russell 2000, 133 stocks lost more than 20% of their value
in May and 34 of them declined more than 30%. However, a few small-cap stocks
turned in a big performance for the month, including Movie Gallery (91.9%) and
Triple Crown Media (49.4%).
For
additional performance figures on Russell's indexes and the user-friendly Russell
index returns calculator, please visit: www.russell.com/US/Indexes/US/.
RUSSELL
INDEXES: Total returns through May
|
|
May |
YTD |
|
Russell
3000Ò Index |
-3.20% |
3.05% |
|
Russell
1000Ò Index |
-2.95% |
2.62% |
|
Russell
2000Ò Index |
-5.62% |
7.52% |
|
Russell
2500Ô Index |
-4.72% |
6.27% |
|
Russell
MidcapÒ Index |
-3.37% |
4.72% |
|
Russell
Top 200Ò Index |
-2.78% |
1.76% |
|
Russell
Top 50Ô Index |
-2.55% |
1.16% |
|
Russell
MicrocapÔ Index |
-5.84% |
6.86% |
|
Russell
3000Ò Value Index |
-2.67% |
6.16% |
|
Russell
3000Ò Growth Index |
-3.74% |
0.03% |
|
Russell
1000Ò Value Index |
-2.53% |
5.88% |
|
Russell
1000Ò Growth Index |
-3.39% |
-0.54% |
|
Russell
2000Ò Value Index |
-4.14% |
9.10% |
|
Russell
2000Ò Growth Index |
-7.04% |
6.01% |
|
Russell
2500Ô Value Index |
-3.46% |
7.06% |
|
Russell
2500Ô Growth Index |
-5.97% |
5.48% |
|
Russell
MidcapÒ Value Index |
-2.09% |
6.38% |
|
Russell
MidcapÒ Growth Index |
-4.71% |
2.98% |
|
Russell
Top 200Ò Value Index |
-2.71% |
5.66% |
|
Russell
Top 200Ò Growth Index |
-2.85% |
-1.89% |
RUSSELL INDEXES: Sector Performance for May
|
|
Russell 1000 |
Russell 2000 |
|
Technology |
-6.9% |
-9.9% |
|
Health Care |
-1.8% |
-6.9% |
|
Consumer Discretionary & Services |
-2.2% |
-5.0% |
|
Consumer Staples |
-0.6% |
3.4% |
|
Integrated Oils |
-2.8% |
-9.1% |
|
Other Energy |
-2.9% |
-5.1% |
|
Materials & Processing |
-3.6% |
-7.1% |
|
Producer Durables |
-4.0% |
-7.3% |
|
Autos & Transportation |
0.2% |
-2.5% |
|
Financial Services |
-3.6% |
-2.9% |
|
Utilities |
-0.3% |
-2.4% |
