01/12/2010
Institutional investor confidence index up in November
p { margin-bottom: 0.08in; } The global index of investor confidence calculated by State Street Global Markets increased by 9.3 points in November to 97.5, compared with a corrected level of 88.2 in October. In North America, the confidence of institutional investors recovered strongly, with an increase of 12.2 points to 97.1, compared with a corrected level fo 84.9 the previous month. A recovery in confidence was also observed among European investors, as the index shows an increase of 15.9 points, from 96.3 in October (corrected level) to 112.2. However, institutional investors in Asia were more cautious, as confidence in the region declined by 8.0 points to 95.2 compared with a corrected level of 103.2 last month. The results for November include a revision of the weighting of the Asian index in order to better reflect the relative importance of institutional investors in the various markets of the region. Excluding this change, the decline in confidence in Asia would have been at a slightly higher level of 9.1 points. “Though it remains slightly weakened compared with its peak in April this year, the confidence of institutional investors retains some strength this month, led by North American and European institutions. Confidence in North America remains above the neutral level of 100, but overall, the data indicate an improvement in sentiment in regards to risk, as valuations have fallen compared with the higher levels observed in early November,” State Street says in a statement.
