Confidence soars on vaccine hopes Reporter 06 January 2021
Global investor confidence has hit its highest level in two years as investors pin their hopes on a vaccine roll-out and the end of political turmoil in the US, a new survey has found.
The State Street Global Investor Confidence Index (ICI), which is based on the trades of institutional investors around the world, recorded a reading of 104.1 for December 2020. The index ranks investors’ appetites to increase their allocations to risk assets, with 100 being a neutral reading.
The drive towards risk assets was led by Asian investors, with the Asia region index coming in at 112.6, 17 points up on the November 2020 score. US investors also increased their allocations, with the North American index coming in at 103.5.
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