POWERED BY MOMENTUM MEDIA
Investor confidence down in November
The State Street Investor Confidence Index (ICI) has dropped 3.6 points in November to 110.5, driven down by falls in North America and Europe which decreased by 5.3 points to 108.7 and 1.4 points to 95.3, respectively.
At the same time, Asia was up 4.8 points to 108.1, the firm said.
State Street Global Markets’ global macro strategist, Marvin Loh, said investor sentiment remained near its three-year high in November, although the global ICI eased off the strong levels recorded last month.
“The overall positive tone in risk assets pushed global equity bourses to multi-year highs, led by North America, with US equity investors looking past the start of Fed tapering, higher inflation readings and more aggressive rate hike expectations,” Loh said.
“Investors’ willingness to look through surging inflation will be key to maintaining the overall investor confidence that has emerged globally this year.”
The ICI was developed at State Street Associates in partnership with FDO Partners and measured investor confidence or risk appetite quantitatively by analysing 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 to equities, the higher risk appetite or confidence, with a reading of 100 being neutral and indicating the level at which investors were neither increasing nor decreasing their long-term allocations to risky assets.
Recommended for you
All merger proposals will have to be approved by the consumer watchdog under the sweeping merger reforms announced by the government on Wednesday.
More than two decades since Australian super funds first ventured into infrastructure, an investment services firm owned by industry funds says that the asset class is slowly breaking free of its “alternatives” identity.
In an address to the National Press Club last week, the incoming chair of Australia’s sovereign wealth fund said institutional investors could play a role in the winding road towards net zero.
The $75 billion fund has gained exposure to decarbonisation solutions in its first listed equities impact investment.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
73.88 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment