Improved sentiment in North America saw investor confidence rise by four points in July, according to the latest reading of the State Street Global Investor Confidence index.
The State Street Global Investor Confidence rose by the largest margin so far this year at 5.4 points in May on the back of reopening optimism and vaccination rollouts.
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The Global Investor Confidence Index (ICI) has dropped by 1.5 points to 92.7 in April, compared to March’s revised reading of 94.2, and was driven by decreases in the North American and the Asian ICIs, which fell to 92.2 from 94.8 and to 91.8 from 92.9, respectively.
At the same time, the European ICI saw a three point uptick to 94.3.
According to Rajeev Bhargava, head of investor behaviour research, State Street Associates, investor risk appetite remained largely in a holding pattern in April with the Global index declining just over one point, which represented the smallest change we have seen in more than six months.
State Street Global Markets: Investor Confidence Increased In March By 2.0 Points To 93.9 Date
06/04/2021
State Street Global Markets has released the results of the State Street Investor Confidence Index® (ICI) for March 2021.
The Global Investor Confidence Index increased to 93.9, up 2.0 points from February’s revised reading of 91.9. The increase in Investor Confidence was driven by the European ICI, which rose 12.6 points to 90.7, and the North American ICI, which rose 1.1 points to 94.4. Meanwhile, the Asian ICI dropped 4.9 points to 93.2.
The Investor Confidence Index was developed at State Street Associates, State Street Global Markets’s research and advisory services business, in partnership with FDO Partners. It measures investor confidence or risk appetite quantitatively by analyzing the actual buying and selling patterns of institutional investors. The index assigns a precise meaning to changes in investor risk appetite: the greater the percentage allocation
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State Street Global Markets (SSGM) Global Investor Confidence Index (ICI) fell 8.9 points to 91.9 in February, driven by large drops in European and Asian ICIs which decreased by 16.6 points to 78.1 and by 17.5 points to 98.2, respectively.
At the same time, the North American ICT also slightly declined by 2.8 points to 93.3.
According to Rajeev Bhargava, head of investor behaviour research, State Street Associates, the slower than expected vaccine rollout combined with the added complexity of new, potentially more infectious variants elevated growth fears, particularly in Europe where official growth forecasts were recently lowered.
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