POWERED BY MOMENTUM MEDIA
Investor confidence down in January
The State Street Investor Confidence index (ICI) slid 3.8 points to 100.7 in January, driven down by a 7.3 point decline in North American ICI.
At the same time, the European ICI and Asian ICI both increased, with the European ICI rising 7.1 to 94.8 and the Asian ICI rising 3.1 to 115.9, respectively.
Although the investors’ confidence remained globally stable in the first month of the year, with vaccine rollouts and the prospect of additional stimulus in the US having provided additional support, the increases in the number of new COVID-19 cases and uneven vaccination rollouts hindered further gains, according to SSGM’s senior macro strategist, Marvin Loh.
“The decline in confidence in North America stands in contrast with the continued improvements in Asia, which has been buoyed by a more rapid return to economic expansion relative to western countries,” he said.
“The pace and efficacy of vaccine efforts over the coming months will certainly set the tone for investors at the start of this new year.”
The index measures quantitatively investors’ risk appetite and an index reading of 100 is considered neutral and is the level at which investors are 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(%)
