02/05/2013
State Street investor confidence index up in April
P { margin-bottom: 0.08in; } The global investor confidence index released by State Street rose 5.5 points in April to 93.6 from March’s revised reading of 88.1. Driving this gain was a surge in confidence among North American institutions, whose confidence increased 10.2 points to 105.8 from the revised March reading of 95.6. In contrast, confidence among European and Asian institutions declined marginally. The European ICI registered a decrease of 3.9 points to 87.8, while the Asian Index fell 2.1 points to 85.2. “The North American ICI is now at its strongest level since May 2011. We would note that, at a sectoral level, flows favor defensive sectors, such as utilities, and this may signal some caution around both the natural resource sector, and global growth prospects more generally,” the authors of the study remark.
