Global investor confidence still in doldrums
Global investor confidence is still in decline, according to the latest data released by State Street Corporation as part of its State Street Investor Confidence Index.
The April index, released today, revealed that global investor confidence fell by 4.4 points to 72.8, down from a revised March level of 77.2.
The index revealed that while North American investors remained pessimistic, European investors were even more so. The confidence of North American investors fell by 4.9 points from 83.2 to 78.3 while European investor confidence fell from 87.7 to 76.8.
As has been the case in previous surveys, investor confidence appears to be holding up in Asia, where confidence declined from 87.9 to 86.2 for the period.
Commenting on the index, Harvard University professor Ken Froot said that after recovering over the last quarter, global institutional risk appetite had fallen backwards towards its February level during April.
“As we said last month, the recent moves off the December low of 65.9 were relatively modest and indicate that while institutional investors see some value in the current prices of risky assets, they continue to have some trepidation.”
AUTHOR
Mike Taylor
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