US institutional investors are becoming more confident, according to the latest State Street Investor Confidence Index.
The May index has revealed that investor confidence rose by 8.7 points to 81 from a revised April level of 72.3 points, with North American investors being the key drivers.
The index showed that the appetite of North American investors increased by 8 points from 77 points in April to 85 points in May.
It said that there had been little change in other areas, with European investor confidence falling half a point to 76.3 and Asian investor confidence rising by 0.2 to 86.4.
Commenting on the index, Harvard University professor Ken Froot said the increase in the global index represented a significant move and suggested the outlook of institutional investors was brighter than it had been for some time.
