POWERED BY MOMENTUM MEDIA
Investor confidence up in March
The global State Street investor confidence index (ICI) increased to 93.9 in March, up two points from its February’s reading, thanks to the 12.6 point growth in the European ICI to 90.7.
The index also found North American investor confidence rose by 1.1 points to 94.4, while the Asian ICI dropped 4.9 points to 93.2.
Michael Metcalfe, head of global macro strategy, State Street Global Markets, said the first quarter of 2021 brought new challenges for investor confidence, in particular with regards to whether higher bond yields were reflecting the reflation trade or whether they were a threat to it.
“After seeing it fall sharply for two-months in a row, investors’ confidence, led by Europe, stabilised and rose modestly in March,” he said.
“While the overall level of the index suggests investors should remain watchful of risky assets, the modest improvement in confidence suggests they are learning to live with higher yields – for now at least.”
The index measured investor confidence and risk appetite. A reading of 100 was neutral and indicated the level at which investors were neither increasing nor decreasing their long-term allocations to risky assets.
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(%)
