Investor confidence takes a pause
After rebuilding over the past seven months, global investor confidence may be starting to plateau, according to the latest data provided by State Street.
State Street’s Global Investor Confidence index fell by 10 points to 108.4 in October, with the most pronounced decline evident among North American investors, where confidence fell 12.8 points to 101.1, and European investors, where the index declined 9.3 points to 101.8
However, Asian investor sentiment remained in positive territory, rising 2.4 points to 95.3.
Commenting on the latest index, Harvard University professor Ken Froot said he believed that institutional investors had paused to take stock and, putting the index into perspective, it had remained comfortably above the neutral level of 100 for a seventh consecutive month.
AUTHOR
Mike Taylor
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