POWERED BY MOMENTUM MEDIA
European institutional investor sentiment downbeat
European institutional investor pessimism has resulted in a marginal decline in the State Street Investor Confidence Index for November.
The index decreased marginally (on point) to 97.1 from October’s number with State Street attributing the decline to a 12 point drop in the European index which was not fully offset by rises in among North American and Asian investors.
Commenting on the outcome, State Street Associates managing director and head of Investor Behaviour Research, Rajeev Bhargava said that while tax reform prospects had helped boost investor confidence in the US, rising political uncertainty and worries over tighter monetary condition had driven down sentiment in Europe.
“It will be interesting to follow the path of investor confidence in the wake of failed coalition talks in Germany,” he said.
One of the founders of the Index, State Street’s Ken Froot said global risk appetite remained broadly subdued.
“While the decline in sentiment was more acute in Europe, Asian sentiment has also taken a hit, as rising concerns about Chinese debt outweighed the potential benefits of cash injections by the People’s Bank of China,” he said.
Recommended for you
Challenger’s chief economist expects the US economy will see a prolonged recovery with President Donald Trump’s policies unlikely to have a lasting effect on equities and investments.
A research firm says errors are a “natural part” of running a company with humans and has reversed its previous poor rating for the exchange.
The world’s largest wealth manager remains overweight on US stocks spurred on by AI, but is taking a “granular” approach when assessing trade war damages.
Australia’s investment sector has averaged just 31 per cent alignment with mandatory climate reporting rules, new research has shown.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
