Institutional trading calendar

Identify which days in the year have greater potential for elevated risk or reduced market liquidity.

This calendar shows the key dates institutional investors should be aware of through 2025, particularly if they plan to implement large changes to their portfolio.

Days with the potential for elevated risk are colored in orange, while days with the potential for reduced liquidity are colored in blue.

Russell Investments has identified elevated risk dates when new significant information will be released into the market. This can create volatility as investors incorporate this information into asset prices. We believe institutional investors should be aware of these scheduled announcements when developing timelines for implementation.

While market behavior is impossible to predict, we believe there are some days we can identify in advance each quarter that have the potential for elevated market volatility or reduced liquidity.

For instance, there is often increased risk on the days surrounding central-bank policy meetings and monthly inflation data, as well as on the days when large banks and big tech companies release quarterly earnings reports and forward guidance.

Reduced liquidity, on the other hand, is typically observed around national or global holidays or celebrations – especially during the end-of-the-year holidays in late December.

Ultimately, we believe this tool can help investors plan better and set expectations with stakeholders.

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Nothing contained in this material is intended to constitute legal, tax, securities or investment advice, nor an opinion regarding the appropriateness of any investment. The general information contained in this publication should not be acted upon without obtaining specific legal, tax and investment advice from a licensed professional.

Please remember that all investments carry some level of risk, including the potential loss of principal invested. They do not typically grow at an even rate of return and may experience negative growth. As with any type of portfolio structuring, attempting to reduce risk and increase return could, at certain times, unintentionally reduce returns.

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