Welcome!

SYS-CON UK Authors: Salvatore Genovese, Jamie Matusow

News Feed Item

Carney vs. King: Canada Has Outperformed the UK Since Mark Carney Was Appointed Bank of Canada Leader, Says Russell Indexes

SEATTLE, WA -- (Marketwire) -- 11/29/12 -- The Russell Canada Index has significantly outperformed the Russell UK Index since Mark Carney was appointed governor of the Bank of Canada in 2007, suggesting superior governance for Carney in his role.

Carney has now been appointed as the next governor of the Bank of England, with a five-year term set to begin in July 2013. He will be the first foreign national to head the Bank in its 318 year history, signaling a departure from tradition in the UK. Carney was appointed as governor of the Bank of Canada on October 4th, 2007 and during his tenure has been credited with helping to shield Canada from the worst of the global financial crisis. Russell Global Index returns during this time period support this claim.

  • The Russell Canada Index returned 9.3% from October 4th, 2007 through November 27th, 2012 relative to a (-6.0%) return for the Russell UK Index for this same time period.
  • The Russell Canada Index also outperformed the Russell Global Index and the Russell Developed Index, which had returns of 0.9% and 1.0% for this same time period.

Russell Global Index Performance: October 4th, 2007 - November 27th, 2012

----------------------------------------------------------------------------
Index / Index Constituent     Index Total Return: 4/10/07-27/11/12
----------------------------------------------------------------------------
Russell Canada Index                               9.3%
----------------------------------------------------------------------------
Russell UK Index                                   -6.0%
----------------------------------------------------------------------------
Russell Global Index                               0.9%
----------------------------------------------------------------------------
Russell Developed Index                            1.0%
----------------------------------------------------------------------------

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.

Disclaimer: http://www.russell.com/indexes/about/index_alerts.asp#disclaimer

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.