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Insto confidence on the rise
In what may be a pointer to broader improvement, the latest State Street Investor Confidence Index rose 7 per cent in June.
The index, the results of which were released this week, revealed that confidence was up most strongly in Europe, where the benchmark rose 9.1 points to 95, and in North American, where it rose 6.2 points to 113.5 points.
However, it said in Asia risk appetite was down slightly, falling 1.3 points to 92.1.
Commenting on the latest index, State Street’s Ken Froot said June had marked the third consecutive month that it had remained above the neutral level of 100 — the level above which institutional investors are increasing their allocations to risky assets.
“Notwithstanding some concerns around the long-run sustainability of fiscal positions and the impact of quantitative easing of inflation, institutional investors continue to endorse the long-run outlook,” Froot said.
AUTHOR
Mike Taylor
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