Investor confidence recovering
Investor confidence appears to be recovering from the deep lows experienced in the closing months of last year, according to the latest State Street Investor Confidence Index.
The index for January showed Global Investor Confidence had risen by 12.1 points to 60.3 from December, with the improvement being led by North American institutional investors, where confidence had climbed by 21.1 points to 51.8.
The index also revealed sentiment had been improving among European institutional investors, where the index rose by 6.7 points to 73, while there was a minor decline among Asian investors, where the index fell 0.3 of a point.
Commenting on the index, Harvard University professor Paul O’Connell said the rise in global investor confidence recorded in January was the largest seen since August 2007.
State Street Associates director Paul O’Connell said the rebound in investor confidence, particularly in North America, represented a substantial improvement in outlook.
“While some of the increase is attributable to risk reallocations going into the New Year, it may also be true that institutional investors perceive the risk of systemic collapse has abated somewhat in the wake of recent policy actions,” he said.
AUTHOR
Mike Taylor
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