US equity indexes enjoyed positive performance in September, with US small cap stocks leading the way, according to new data from global index provider FTSE Russell. Entering September, US large cap stocks, as measured by the Russell 1000 Index, had an 11.2% year-to-date return as of August 31. This outpaced US small cap stocks, as measured by the Russell 2000 Index, which had a 4.4% year-to-date return. In September, US small caps surged relative to US large caps with a 6.2% return for the Russell 2000 Index relative to a 2.1% return for the Russell 1000 Index.
Alec Young, managing director of global markets research for FTSE Russell, said:
“The September 26 release of the Trump administration’s tax reform proposal served to accelerate September returns in global equities amidst the prospect of increased fiscal stimulus in the world’s largest economy. Accordingly, cyclical and economically sensitive domestic equity asset classes led the way. Specifically, US small caps rose sharply while value stocks also outperformed according to FTSE Russell indexes. It’s also worth noting that after trailing international stocks all year, US equities finally retook the leadership mantle last month although foreign stocks continue to lead on a YTD basis.”
Source: FTSE Russell. Past performance is no guarantee of future results. Please see the end for important legal disclosures. For the year-to-date as of September 29, 2017 the FTSE World ex-US Index returned 21.6% compared to a 14.7% return for the Russell 3000 Index. For the month of September, the FTSE World ex-US Index returned 1.9% relative to a 2.4% return for the Russell 3000 Index.
For more information US and global indexes from FTSE Russell, go to the FTSE Russell website.
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