FOR IMMEDIATE RELEASE
CONTACT:
Kim Shepherd
312-623-5123
kshepherd.ext@wilshire.com
WILSHIRE 5000SM POSTS FIRST POSITIVE THREE-PEAT
MONTHLY PERFORMANCE SINCE BEGINNING OF BEAR MARKET IN 2007
Wilshire Global exUS IndexSM Surges 14.17 percent
SANTA MONICA, June 4, 2009 -- The Wilshire 5000 IndexSM
posted a 5.30 percent total return in May, which represented the index's third consecutive
monthly gain and the first such streak since the bear market began in October 2007,
according to Wilshire Associates Incorporated, a leading global independent investment consulting and services firm.
The Wilshire 5000 has returned 26.50 percent since the end of February, which is its
largest three-month advance since gaining 27.01 percent from August through October 1982.
The U.S. stock market's recent rally has erased earlier losses to push the Wilshire 5000
into positive territory with a year-to-date return of 4.08 percent.
"While it remains to be seen whether the current rally proves to be the start of a secular
bull market or merely an upward leg in a continuing bear market, equity investors are
relieved to have rebounded 37.84 percent off the March 9, 2009 low," stated Steven J. Foresti,
managing director and head of the Investment Research Group of Wilshire Consulting, a
business unit of Wilshire Associates. "In dollar terms, this represents an increase in
wealth of $3.1 trillion," he added.
Performance was strong across the capitalization spectrum in May with total returns of 5.33
percent, 3.78 percent and 4.51 percent for the Wilshire US Large-Cap, Wilshire US Mid-Cap
and Wilshire US Small-Cap Indexes, respectively. Microcap stocks surged 11.83 percent to
surpass all other size segments, lifting the Wilshire US Micro-Cap Index's return to 18.16 percent year-to-date.
The Energy and Financial sectors led the market higher in May with advances of 11.48 percent
and 8.98 percent, respectively. Energy companies were buoyed by a rise in commodity prices,
while Financials benefited from signs that the TALF and other government programs were having
a positive impact on credit market liquidity.
"Investors celebrated the passing uncertainty from the release of the Treasury stress test
and have been encouraged by the recent ability of banks and other financial institutions to
successfully access capital market investments to bolster reserves," commented Foresti.
The Wilshire Global exUS IndexSM benefited from dollar
weakness to surge 14.17 percent, easily surpassing the U.S. stock market gain of 5.30
percent. The Wilshire Emerging Markets IndexSM in particular
soared 21.77 percent in May, building its year-to-date return to 41.39 percent and highlighting
the relative strength of the emerging markets in recent months.
On a regional basis, Latin America outperformed Europe, Asia/Pacific, and Middle East &
Africa by posting a gain of 20.81 percent as measured by the Wilshire Regional IndexesSM.
Middle East & Africa posted the narrowest gain of 12.64 percent for the month of May.
GLOBAL RETURNS AT A GLANCE:
| Index Name |
Index Close |
Point Change MTD |
% Change MTD |
YTD |
1-Year |
3-Year |
5-Year |
| Wilshire 5000 |
9408.46 |
532.54 |
5.30% |
4.08% |
-32.63% |
-22.59% |
-6.12% |
| Wilshire Global TMI |
1901.66 |
170.49 |
10.35% |
11.32% |
-34.23% |
-18.34% |
11.32% |
| Wilshire Global exUS Index |
1657.42 |
196.86 |
14.17% |
16.99% |
-35.41% |
-15.05% |
30.37% |
| Wilshire Europe Index |
2165.80 |
225.27 |
12.77% |
12.32% |
-39.69% |
-20.53% |
20.65% |
| Wilshire Asia / Pacific Index |
1031.57 |
124.91 |
14.06% |
17.12% |
-29.61% |
-14.50% |
26.14% |
| Wilshire Latin America Index |
6747.26 |
1144.67 |
20.81% |
49.64% |
-36.82% |
42.16% |
209.68% |
| Wilshire Middle East & Africa Index |
2169.66 |
244.33 |
12.64% |
17.24% |
-33.89% |
-12.16% |
74.55% |
WILSHIRE GLOBAL SECTOR WINNERS AND LOSERS BY REGION:
| United States |
Europe |
Middle East & Africa |
| |
|
|
|
|
|
| TOP 3 |
|
|
|
|
|
| Engery |
11.48% |
Energy |
19.02% |
Materials |
25.16% |
| Financials |
2.95% |
Materials |
16.83% |
Energy |
20.88% |
| Health Care |
6.57% |
Financials |
14.77% |
Industrials |
14.78% |
| |
|
|
|
|
|
| BOTTOM 3 |
|
|
|
|
|
| Industrials |
2.95% |
Information Technology |
8.88% |
Health Care |
6.92% |
| Telecomm Services |
-0.56% |
Telecomm Services |
8.30% |
Utilities |
3.45% |
| Consumer Discretionary |
-0.57% |
Consumer Discretionary |
7.08% |
Information Technology |
-0.13% |
| |
|
|
|
|
|
| |
|
|
|
|
|
| Latin America |
Asia/Pacific |
World |
| |
|
|
|
|
|
| TOP 3 |
|
|
|
|
|
| Energy |
26.39% |
Energy |
24.18% |
Materials |
17.07% |
| Materials |
24.31% |
Financials |
18.33% |
Energy |
16.95% |
| Financials |
22.25% |
Materials |
17.39% |
Financials |
14.26% |
| |
|
|
|
|
|
| BOTTOM 3 |
|
|
|
|
|
| Information Technology |
16.60% |
Consumer Staples |
8.63% |
Telecomm Services |
6.57% |
| Telecomm Services |
12.81% |
Consumer Discretionary |
8.20% |
Information Technology |
5.50% |
| Utilities |
12.11% |
Utilities |
5.97% |
Consumer Discretionary |
4.36% |
WILSHIRE SIZE INDEXES
The Wilshire US Small-Cap IndexSM posted a gain of 4.51
percent and the Wilshire Global Small-Cap IndexSM posted a
gain of 11.73 percent. The Wilshire US Micro-Cap IndexSM had
an up month with a gain of 11.83 percent. The Wilshire US Large-Cap IndexSM was up 5.33
percent. On a global basis, the Wilshire Global Large-Cap IndexSM rose 10.16 percent.
WILSHIRE GLOBAL REAL ESTATE INDEXES
In the United States, the Wilshire US Real Estate Investment Trust (REIT) IndexSM
rose 2.63 percent and the Wilshire US Real Estate Securities IndexSM
(RESI) gained 2.56 percent. The Wilshire Global REIT IndexSM posted a 6.21 percent
gain. The broader Wilshire Global RESISM , which represents 23 countries in Europe,
the Americas, Asia/Pacific and Africa, was up 9.48 percent.
For more information about the Wilshire Index Family please e-mail WilshireIndexes@wilshire.com.
About Wilshire Associates
Wilshire Associates, a leading global, independent investment consulting and services firm,
provides consulting services, analytics solutions and customized investment products to plan
sponsors, investment managers and financial intermediaries. Its business units include,
Wilshire Analytics, Wilshire Consulting, Wilshire Funds Management and Wilshire Private Markets.
The firm was founded in 1972, revolutionizing the industry by pioneering the application of
investment analytics and research to investment management for the institutional marketplace.
Wilshire also is credited with helping to develop the field of quantitative investment
analysis that uses mathematical tools to analyze market risks. All other business units
evolved from Wilshire's strong analytics foundation. Wilshire developed the Wilshire 5000
Total Market IndexSM, the first asset/liability models for
pension funds, the first U.S. equity style metrics work and many other "firsts" as the firm
grew to approximately 350 employees serving the investment needs of institutional and high
net worth clients around the world.
Based in Santa Monica, California, Wilshire provides services to clients in more than 20
countries representing approximately 600 organizations. With ten offices on four continents,
Wilshire Associates and its affiliates are dedicated to providing clients with the highest
quality counsel, products and services. Wilshire is a registered service mark of Wilshire
Associates Incorporated. Please visit www.wilshire.com for more information.
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