POWERED BY MOMENTUM MEDIA
Investor confidence up in March
The global State Street investor confidence index (ICI) increased to 93.9 in March, up two points from its February’s reading, thanks to the 12.6 point growth in the European ICI to 90.7.
The index also found North American investor confidence rose by 1.1 points to 94.4, while the Asian ICI dropped 4.9 points to 93.2.
Michael Metcalfe, head of global macro strategy, State Street Global Markets, said the first quarter of 2021 brought new challenges for investor confidence, in particular with regards to whether higher bond yields were reflecting the reflation trade or whether they were a threat to it.
“After seeing it fall sharply for two-months in a row, investors’ confidence, led by Europe, stabilised and rose modestly in March,” he said.
“While the overall level of the index suggests investors should remain watchful of risky assets, the modest improvement in confidence suggests they are learning to live with higher yields – for now at least.”
The index measured investor confidence and risk appetite. 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
Investors have slashed their US equity allocations to the lowest level on record, according to new data from Bank of America.
The message from experts in international trade and economists is that the Australian government should refrain from retaliating with reciprocal tariffs.
The market correction forecast by AMP’s chief economist is in full swing, with three weeks of turbulence culminating in significant losses on Tuesday.
Following a strong risk appetite in January, institutional investors have pulled back in February, with risk-seeking activity dropping to zero amid a decline in equity allocations.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
