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
As market volatility persists, some super funds are pivoting defensively, while others are strategically positioning to capitalise on emerging opportunities.
New data has shown a progressive deterioration in risk appetite among instos even prior to Donald Trump’s latest round of tariffs.
UniSuper has reached “peak investment” in US assets and is now preparing to reassess its exposures amid ongoing sharemarket volatility.
Investors have slashed their US equity allocations to the lowest level on record, according to new data from Bank of America.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
