POWERED BY MOMENTUM MEDIA
Asian investor sentiment plummets
Global investor confidence dipped in April, driven by weaker sentiment in Asia, according to State Street.
State Street’s global investor confidence index recorded a decrease of 0.7 points to 73 in April from March as Asian sentiment dropped 18.3 points to 80. However, Norther American investors were most optimistic with an increase of 1.2 points to 68 and European sentiment up from 95.5 to 102.8/
State Street Associates head of investor behaviour research, Rajeev Bhargava, said: “Despite an end of the lockdown in China, the Asia investor confidence index fell to its lowest level since 2005, possibly a reflection of weaker economic data regionally and renewed concerns over the region’s ability to sustainably exit lockdown as cases resurface in previously locked-down countries.
“In contrast, however, the US and Europe showed stability in investor appetite this month with Europe actually seeing a material rise in investor confidence.
“The unprecedented amount of stimulus central banks have injected into markets as well as signs of a slowing in new COVID-19 cases locally seem to have had a stabilizing effect on risk behaviour.”
An index reading of 100 is neutral – the level at which investors were neither increasing or decreasing their long-term allocations to risky assets.
Recommended for you
The sovereign wealth fund remains cautious of the impact of high inflation as it announces a strong return in its latest update.
Australia is becoming increasingly recognised as an attractive investment opportunity against global counterparts, recent analysis has found.
Pension funds in Australia and the UK are embracing recent developments that will facilitate the deployment of superannuation capital toward the energy transition in both countries.
With the Goldman Sachs’ S&P 500 long-term outlook occupying headlines over recent days, an Aussie economist has weighed in, noting that, while difficult to time, the US market is poised for a downturn.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.57 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
32.09 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
27.42 3 y p.a(%)
