Global investor confidence declines 4 points in March
Global investor confidence has decreased by four points in March to 74.5 due to COVID-19, according to State Street’s Investor Confidence Index (ICI).
North America fell 2.9 points to 67.8 and Europe fell by 15 points to 95.6; however, Asia rose 8.7 points to 94.5.
Lee Ferridge, State Street Global Markets head of multi-asset strategy, said concerns over COVID-19 had shifted from China to Europe and the ICI had reflected this.
“Rapidly growing case numbers in Europe pushed sentiment down by a marked 15 points, back below the neutral line of 100 for the first time since August,” Ferridge said.
North American sentiment declined from an already low level, hovering near all-time lows as investors wait to see the breadth of fiscal and monetary response.
“In contrast, however, as the number of active cases in China declined, investor sentiment in Asia actually rebounded in March by 8.7 points, largely reversing February’s decline.”
The index was developed to measure investor confidence or risk appetite quantitatively by analysing the buying and selling patterns of institutional investors.
The greater the percentage allocation to equities, the higher risk appetite or confidence; a score of 100 was neutral.
It differed from survey-based measures as it was based on actual trades, not opinions of institutional investors.
Recommended for you
Australia’s superannuation capital has been positioned to play a larger role in south-east Asia’s economic development under a new government-backed deal.
Superannuation funds have become the dominant force behind Australia’s private markets boom, fuelling unprecedented growth and reshaping manager operations.
Reserve Bank governor Michele Bullock has said the central bank sees private demand picking up over the next year, taking over from public demand.
One of Australia’s largest super funds has acquired an equity stake in the institutional investment advisory firm.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
215.17 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
4
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
60.93 3 y p.a(%)
