POWERED BY MOMENTUM MEDIA
Investor confidence down in April
The Global Investor Confidence Index (ICI) has dropped by 1.5 points to 92.7 in April, compared to March’s revised reading of 94.2, and was driven by decreases in the North American and the Asian ICIs, which fell to 92.2 from 94.8 and to 91.8 from 92.9, respectively.
At the same time, the European ICI saw a three point uptick to 94.3.
According to Rajeev Bhargava, head of investor behaviour research, State Street Associates, investor risk appetite remained largely in a holding pattern in April with the Global index declining just over one point, which represented the smallest change we have seen in more than six months.
“While investor confidence in the US and Asia contracted slightly, this was largely offset by a rise in sentiment from European Investors, where improving vaccine procurement numbers and more timely member state vaccination rollout targets may have fuelled some much-needed optimism in the region,” he said.
The ICI, developed at State Street Associates, State Street Global Markets’ research and advisory services business, in partnership with FDO Partners, measures investor confidence or risk appetite quantitatively by analysing the actual buying and selling patterns of institutional investors.
A reading of 100 is neutral, meaning the level at which investors are neither increasing nor decreasing their long-term allocations to risky assets.
Recommended for you
The fund is looking to capitalise on “one of the most compelling sector opportunities” in European real estate.
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
36.43 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
35.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.72 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
27.64 3 y p.a(%)
