POWERED BY MOMENTUM MEDIA
Equities fall out of favour … again
Investors have once again shied away from equities, after a pick-up in equity buying in June turned negative in July, according to State Street's Investor Confidence Index (ICI).
Paul O'Connell of State Street Associates said institutional investors were driven by caution in July.
"The pick-up in equity buying that we noted last month proved short-lived, and flows had turned negative by the end of our July sample," he said.
Globally, investor confidence rose by 0.7 points from June's revised reading of 93.3 to reach 94.
North American and European investor confidence declined 0.6 and 0.5 points respectively, although Europe remained the least cautious region for investors with an ICI of 101.7.
Asia's ICI rose 0.8 points, driving the overall increase, but the region was the most bearish at nine points below neutral, according to O'Connell.
"Underlying this is a lack of enthusiasm for emerging markets and US equities in a world where economic growth is challenged. However, we did observe a modest up-tick in purchasing of European equities this month, alongside some buying of stocks with commodities exposure," he said.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
The fund has launched a new tool to help deliver personalised financial education and digital personal advice to eligible members.
The QAR lead reviewer has told a Senate committee that the government’s demands of super funds conflict with their original purpose.
The Joint Associations Working Group has identified four key issues with the $3 million super tax that need to be addressed before the bill is legislated, including the major concern of taxing unrealised capital gains.
The industry body has recommended an approach that recognises unique advice needs, noting current super regulation and legislation is “overwhelmingly designed with simple, default arrangements in mind”.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Ardea Diversified Bond F (CLOSED)
148.81 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
66.48 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.89 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.88 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
27.33 3 y p.a(%)
