European institutional investors show confidence
European institutional investors have demonstrated more confidence than their European or Asian counterparts during September, according to the latest State Street Investor Confidence Index.
The index increased to 123.9 in September, up 3.8 points from August but it was the Europeans leading the way with investors in both North America and Asia displaying lower risk appetite.
The index showed that North American investor confidence fell 5.1 points to 103.0 points, while Asian confidence declined by 4.5 points to 87.1 points.
In contrast, the analysis said that in Europe, confidence continued an upward trend rising 12.6 points to reach a level of 140 points.
Commenting on the September index, State Street's Paul O'Connell said the most striking element of the September result had been that of Europe, which had reached an all-time high.
"Despite the visible evidence of relatively poor growth performance across Europe, investors are expressing demand for equity as opposed to fixed income investments in the region," he said.
"This may partly be driven by the relatively favourable valuations currently reflected on European bourses."
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