POWERED BY MOMENTUM MEDIA
European institutional investors show confidence
European institutional investors have demonstrated more confidence than their European or Asian counterparts during September, according to the latest State Street Investor Confidence Index.
The index increased to 123.9 in September, up 3.8 points from August but it was the Europeans leading the way with investors in both North America and Asia displaying lower risk appetite.
The index showed that North American investor confidence fell 5.1 points to 103.0 points, while Asian confidence declined by 4.5 points to 87.1 points.
In contrast, the analysis said that in Europe, confidence continued an upward trend rising 12.6 points to reach a level of 140 points.
Commenting on the September index, State Street's Paul O'Connell said the most striking element of the September result had been that of Europe, which had reached an all-time high.
"Despite the visible evidence of relatively poor growth performance across Europe, investors are expressing demand for equity as opposed to fixed income investments in the region," he said.
"This may partly be driven by the relatively favourable valuations currently reflected on European bourses."
Recommended for you
Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum.
Institutional investors have entered November with their largest pre-election equity allocation in two decades, according to new data.
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.
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
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
