The broad-market Russell 3000 index lost 0.4% in February and was down 6.5% for the first two months of 2008. The Russell Mid-cap Growth index was the best performer in February among U.S. equities, gaining 1.5%, while the Russell Microcap Growth index sustained the greatest loss at 1.9%. The large-cap Russell 1000 Growth index gained 0.5% in February while the Russell 1000 Value index declined 1.3%.
The Russell Global index gained 2.5% for the month, mostly because of strong performance by stocks in the Russell Asia Pacific index, which gained 4.3%. The Russell Emerging Markets index had an 8.7% gain for the month, while the Russell Developed index gained 1.7%.
Investors are finding some ports in this years economic storm, Chris Tessin, Russell portfolio manager, said in a news release. Midcaps didnt exactly rock in February, but the Russell Mid-cap did reflect a gain for the month while growth stocks generally outperformed value stocks.