POWERED BY MOMENTUM MEDIA
Investor confidence plummets headed by Europe
A large drop in European investor sentiment has seen global investor confidence plummet according to the latest results from State Street's Investor Confidence Index (ICI).
The global ICI decreased 5.5 points from December's revised 112.2 to 106.7, with European ICI for January falling furthest, from 5.7 points to 113.9 from December's revised reading of 119.6.
In North America, the ICI fell by 1.1 points to 101.8, while in Asia the ICI also fell by 1.1 points to 99.6.
State Street Associates ICI developer Kenneth Froot attributed global deflationary fears and political instability in Europe for the decline in sentiment, and suggested focus will now move to the US Federal Reserve
"Given soft inflation and retail sales in the US, all eyes will be focused on the Federal Reserve on Wednesday to see if the FOMC stays on track to raise rates in Q2." Froot said.
State Street Global Exchange executive vice president Jessica Donohue said there were possible changes in investor sentiment with involvement from the ECB
"It will be interesting to see whether recent sovereign quantitative easing by the ECB will offset rising political uncertainty in the Eurozone and lead to a stabilisation in sentiment." she concluded.
AUTHOR
Priya Prakash
Priya was Money Management and Super Review's Online Manager/Production Coordinator.
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(%)
