POWERED BY MOMENTUM MEDIA
America dampens global investor confidence
A decline in North American sentiment has seen the Global Investor Confidence Index (ICI) fall to 114.7 in July, down 4.6 points from June.
The State Street Global Exchange released the results of the global ICI for July 2014, which said North American sentiment had fallen from 116.1 to 110.3.
A drop in Asian sentiment also contributed, dropping from 96.2 in June to 92.1 in July.
"While valuation concerns in the US markets and rising geopolitical risk have dampened sentiment in July, North American confidence still remains relatively upbeat," senior managing director and head of research and advisory services Jessica Donohue said.
"Institutions appear to be in a wait-and-see mode this summer as they contemplate the future path of Federal Reserve monetary policy."
Research and advisory services business and Harvard University professor Kenneth Froot said escalating geopolitical tensions may have contributed to lower Asian investor sentiment.
"It will be interesting to see if continued growth in China and political reform in select Asian countries, including India and Indonesia, lead to stronger sentiment going forward," Froot said.
On the other hand European sentiment stood to 121.2, up from June's revised reading of 113.7.
"Stronger growth metrics in Europe and the UK and well received ECB policy actions helped boost European confidence, which reached the strongest level since May of 2007," Froot said.
Recommended for you
As Australia gears up for the May budget, Treasurer Jim Chalmers has shed light on the significant global economic challenges that are shaping the nation’s fiscal decisions.
The Reserve Bank of Australia has held rates in its March meeting, but for the first time in a while, economists rejoiced in a perceived “dovish” tone from the bank.
The central bank has announced its second interest rate decision since a major revamp.
The central bank has announced its first interest rate decision since a major revamp, which will see the board meet eight times a year instead of the original 11.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 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