POWERED BY MOMENTUM MEDIA
Investor sentiment firmer in March
Global sentiment among institutional investors picked up in March, according to the latest State Street Investor Confidence Index.
The index data, released this week, revealed it had risen by five points to 91.6 points, largely driven by North American investors whose confidence rose 8.7 points to 89.5.
The index analysis noted that the outlook of European investors was similarly improved, rising 5.4 points to 100.6, while that amongst Asian investors sentiment actually declined slightly, falling 2.2 points to 94.5.
Commenting on the index, Harvard University professor Kenneth Froot said March had seen a significant curtailment of the selling that institutional investors had been engaged in since late last year.
"Indeed we observed net buying of equities by real money investors in the week ended 19 March," he said.
Froot's co-founder of the index, State Street Associates' Paul O'Connell, said that from a regional perspective investor behaviour had been in line with macroeconomic developments.
"The continued easing of financial conditions in Europe, in response to policy commitments, has improved sentiment among that region's investors," he said. "By contrast, evidence of some softening of the Asian growth trajectory muted risk appetite in that region."
Recommended for you
Taking a purely passive investment approach is leaving many investors at risk of heightened valuation risks, Allan Gray and Orbis Investments have cautioned.
Annual trimmed mean inflation saw a slight spike in April, according to data from the ABS.
Active managers say that today’s market volatility and dislocation are creating a fertile ground for selective stock picking, reinforcing their case against so-called “closet indexers”.
Platform leaders admit they’re operating under constant pressure and a persistent “state of paranoia” to keep pace with technology that is reshaping how clients access and interact with their wealth.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
