POWERED BY MOMENTUM MEDIA
Investor confidence rises in September
Improving confidence in North America and Asia has seen the State Street Global Investor Confidence Index rise during September.
The index result, released by State Street Global Exchange, measures investor confidence and risk appetite by analysing the actual buying and selling patterns of institutional investors.
The September result showed that the index rose 7.2 points to 116.1 with the improvement in sentiment driven by an increase in the North American index from 120.6 to 133.2.
It also showed that confidence among Asian investors rose by 5.4 points to 97.8, while in Europe the index also increased to 95.7, up 2.2 points.
Commenting on the outcome, State Street Associates' Ken Froot said that in September all eyes had been focused on whether the US Federal Reserve would lift rates.
"In the current environment of elevated tail risk, indications that the Fed is embarking upon a more shallow rate hiking cycle should help both alleviate market volatility and stabilise the global growth outlook, and this has been reflected in sentiment more broadly this month," he said.
According to State Street Global Exchange executive vice president and chief innovation officer, Jessica Donohue emerging markets are grappling with a range of headwinds constraining their growth.
"A delayed rate hike extends the loose monetary policy environment, easing concerns over EM," she 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(%)
