POWERED BY MOMENTUM MEDIA
Stock market slide and oil drops confidence
Investor confidence has dropped globally thanks to the unprecedented global stock market slide, according to State Street Global Exchange.
State Street's investor confidence index (ICI) found the global ICI decreased to 108.8 down 1.7 points from December's 110.5.
State Street said the decline was driven by a decrease in the North American ICI from 110.5 to 108.8, the Asian ICI falling 1.5 points to 102.9, and the European ICI falling 0.1 points to 103.4.
State Street Global Exchange's executive vice president and chief innovation officer, Jessica Donohue, said "tumbling oil prices, a reaction to the slowing demand in the face of a supply glut, and changing growth dynamics in China chipped away at investors' confidence over the past month," were reasons for the decline.
The index's co-developer, Kenneth Froot, also pointed to weak Chinese growth and oil markets for the falls.
"Fears around weakening Chinese growth and the collapse in oil markets have caused institutional investors to believe the additional spending released into the hands of consumers in non-commodity producing countries makes even this steep and sudden downdraft a buying opportunity," he said.
"Perhaps 2016 will be a happy new year after all."
Recommended for you
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.63 3 y p.a(%)
3
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
5
Plato Global Alpha A
27.76 3 y p.a(%)
