Institutional investor confidence is continuing to head south, according to the latest State Street Investor Confidence Index.
The index, covering January, fell 2.1 points to 92.4 points with most reluctance being exhibited by North American institutional investors, with European investors being similarly cautious.
However this contrasted with Asian investors who actually moved into positive territory, adding 3.3 points to take their index to 96.9 points.
Commenting on the latest index, Harvard University professor, Kenneth Froot said that what was clear from the latest data was that institutional investors in both North America and Europe were displaying caution as they entered into 2012, maintaining equity positions that could best be described as "defensive".
Co-developer of the index, State Street Associates' Paul O'Connell said it was clear from the European index result that questions about the resolution of the European sovereign debt crisis remained uppermost in investors' minds.
Amid a challenging market environment, three super fund CIOs have warned against ‘jumping at shadows’.
AustralianSuper, Rest, and HESTA agree on the need to retain and enhance the test, yet they differ in their perspectives on the specific areas that warrant further refinement.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
Add new comment