POWERED BY MOMENTUM MEDIA
Euro doubts drag on investor confidence
Institutional investors in both North America and Europe remained cautious throughout October, driving down the monthly State Street Investor Confidence Index.
The global index fell 2.3 points to 114.3 despite a more bullish attitude on the part of institutional investors Asia where the index rose by 13.2 points to 111.0 points, the first time it has entered such territory this year.
Commenting on the October index, one of its developers, State Street Associates, Ken Froot said that despite the ongoing uncertainty about the global outlook and dovish comments from the US Federal Reserve, global institutional investor confidence had remained largely positive.
"Meanwhile, the increasingly accommodative stance taken by policy makers globally and hopes for state-owned enterprise reforms in China have had a large impact on Asian investors, boosting risk appetite by 13.2 points," he said.
"This is the first time that the Asia ICI has ascended above the key 100 threshold this year, signalling a more ‘risk on' climate."
Commenting in the situation in Europe, State Street Global Markets in EMEA head of macro strategy, Timothy Graf said the drop in European investor sentiment was a worrying sign in light of some of the fundamental data that had been seen across the currency union of late.
"With inflation not recovering in the Eurozone, recent central bank hints at further easing may need to become more concrete before we see a significant increase in confidence," he said.
Recommended for you
Equity markets have surged ahead of fundamentals as institutional investors fall behind, according to Ten Cap Alpha Plus.
Local investors are leading the region in plans to boost private market exposure, as demand grows for innovative fund structures, resilient investments, and a more selective approach to alternatives.
Research shows institutional investors are increasingly turning to private credit, but the APAC region’s relatively small market size remains a key constraint.
The global financial platform has completed a Series F funding round, with superannuation funds participating in the round.
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(%)
