Investor confidence reaches two-year high

25 June 2020
| By Laura Dew |
image
image
expand image

The State Street Global Investor Confidence Index (ICI) increased to 94.3 in June, up 21 points from the May reading of 73.

The increase was led by a jump in the North America ICI which rose 18.8 points and Asian ICI which rose 18.6 points. There was a smaller increase in Europe from 108.5 to 119.7 points.

Rajeev Bhargava, head of investor behaviour research at State Street Associates, said: “Risk appetite saw a strong rebound in June. The global ICI rose to 94.3, its highest level in almost two years, buoyed by higher sentiment across all regions.

“Unprecedented action by central banks combined with the re-opening of major economies around the globe likely drove a more optimistic tone of investors,” he said.

An ICI reading of 100 was neutral; the level at which investors were neither increasing or decreasing their long-term allocations to risky assets..

 

               

 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 3 months ago
Kevin Gorman

Super director remuneration ...

1 year 3 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 3 months ago

Donald Trump’s tariff blitz has shaken global markets, fuelling uncertainty over trade retaliation, recession, and economic fallout, while Australia, though bruised, esca...

52 minutes 23 seconds ago

Shadow treasurer Angus Taylor has vowed to slash red tape and introduce a suite of financial services reforms aimed at transforming Australia into a leading financial hub...

1 day ago

Deglobalisation is emerging as a major driver of infrastructure debt opportunities as regions onshore vital industries, a superannuation fund-owned manager has said....

1 day ago

TOP PERFORMING FUNDS