POWERED BY MOMENTUM MEDIA
Investor confidence up in December
Investors’ confidence rose at the end of 2020, with the State Street Investor Confidence index (ICI) going up in December by 13.3 points to 104.1 compared to 90.8 in November, thanks to the release of COVID-19 vaccines, prospects of a fresh stimulus package out of the US and post-election certainty.
The North American ICI rose 15.9 points to 103.5 and the Asian ICI increased 17.4 points to 112.6 while the European ICI fell for the fourth straight month, down 4.6 points to 87.2.
“As an overwhelming 2020 finally drew to a close, investors ended the year on more optimistic footing with the Global ICI recording its highest reading in over two years,” commented Rajeev Bhargava, head of Investor Behaviour Research for State Street Associates.
“However, as COVID cases continue to surge globally, we will need to see if the momentum persists into the new year as more data becomes available on the vaccines’ overall effectiveness, but certainly December’s reading of global sentiment is a good supporting datapoint that we may be heading in the right direction.”
The ICI, developed at State Street Associates, State Street Global Markets’s research and advisory services business, in partnership with FDO Partners, measured investor confidence or risk appetite quantitatively by analysing the actual buying and selling patterns of institutional investors.
A reading of 100 was neutral and indicated the level at which investors were neither increasing nor 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(%)
