POWERED BY MOMENTUM MEDIA
Investor confidence hints at some hope
The relative resilience of US investor confidence, measured by State Street’s investor confidence index, might give some hope that this downturn will be short-lived, according to State Street Global Markets’ report.
Although the data indicated that the index dropped in March, State Street’s global head of macro strategy, Michael Metcalfe, stressed it was a relatively modest fall compared to the collapse in consumer sentiment reported last week.
“The relative resilience of US investor confidence seems to hint at an element of hope that this downturn will be short-lived and that policy measures already in place will be enough to restart the economy once the storm passes,” he noted.
According to Metcalfe, the data was even more apparent once the regional breakdown of the confidence indicator was taken into account as it showed that confidence of investors based in Asia Pacific actually improved in March and China showed tentative signs of going back to work.
“With this in mind, markets will be looking closely at the latest activity indicators in China, as to whether they portend a future turning point for Western markets once their storm also passed,” Metcalfe said.
Recommended for you
Australian superannuation funds have slightly lifted their hedge ratios on international equities, reversing a multi-year downward trend.
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
