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Indian Equity Market Got a 4.4% Boost in the Three Days Including and After the May 16 Elections Announcement and Has Gained 22% in 2014 as of May 20: Russell Indices

SEATTLE, WA -- (Marketwired) -- 05/23/14 -- India outperformed all other emerging market countries within the Russell Emerging Markets Index, with a 4.4% return in the three market days from the May 16 election of Narendra Modi and the conservative Bharatiya Janata Party (BJP) through May 20. India's 22.5% return year-to-date as of May 20 is among the leading country components within the Russell Emerging Markets Index.

Russell Investments senior emerging markets portfolio manager Gustavo Galindo:
"As elections have approached in India, we believe the expectation of what could be a more market friendly government has helped equity market performance, with May 16 election results igniting a rally in recent days. We believe Modi's win has been a positive for the Indian market as measured by Russell index returns, particularly because he did not have to form a coalition government. If Modi is successful in introducing proposed changes, India could potentially be poised for a period of strong returns which could bring positive sentiment to emerging markets."

Russell Index Returns

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Index                                 2014 YTD as of May 20   May 16-May 20
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Russell Emerging Markets Index                 4.0%                0.3%
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Index Country Constituent             2014 YTD as of May 20   May 16-May 20
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Brazil                                         7.9%               -2.2%
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Chile                                          0.8%               -0.8%
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China                                         -6.1%               -0.1%
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Colombia                                       7.7%               -0.5%
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Greece                                        -3.5%               -0.5%
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India                                         22.5%                4.4%
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Indonesia                                     26.1%               -2.1%
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Korea                                          5.1%                0.3%
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Malaysia                                       3.8%                0.2%
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Mexico                                         1.1%                1.1%
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Philippines                                   20.8%                0.1%
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Poland                                         0.8%                0.6%
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Russia                                        -9.1%                3.9%
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South Africa                                  10.3%                0.4%
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Taiwan                                         3.0%                0.2%
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Thailand                                      11.4%               -0.2%
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Turkey                                        14.4%               -0.7%
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UAE                                           23.4%               -7.6%
----------------------------------------------------------------------------

Source: Russell Investments. Returns are total returns (reflect reinvestment of dividends and distributions) and are denominated in euros.

The Russell Global Index measures the performance of the global equity market based on all investable equity securities, and is constructed to provide a comprehensive and unbiased barometer for the global segment, The Index includes more than 10,000 securities in 47 countries, and covers 98% of the investable global market. All securities in the Russell Global Index are classified according to size, region, country and sector; as a result the index can be segmented into more than 300 distinct benchmarks.

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.

Russell Emerging Markets Index country constituents the Czech Republic, Egypt, Hungary, Morocco and Peru did not meet minimum # constituents / diversification reporter requirements, so are not included in the individual country breakdown.

Investments in emerging or developing markets involve exposure to economic structures that are generally less diverse and mature, and to political systems which can be expected to have less stability than those of more developed countries. Securities may be less liquid and more volatile than US and longer-established non-US markets.

Global equity involves risk associated with investments primarily in equity securities of companies located around the world, including the United States. International securities can involve risks relating to political and economic instability or regulatory conditions.

Opinions expressed by Mr. Galindo reflect market performance as of May 20, 2014 and are subject to change at any time based on market or other conditions without notice. Past performance does not guarantee future performance.

This material is not an offer, solicitation or recommendation to purchase any security.

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.

Copyright © Russell Investments 2014. All rights reserved.

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.

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