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State Street Global Markets: Investor Confidence Increased In March By 2.0 Points To 93.9 Date
06/04/2021
State Street Global Markets has released the results of the State Street Investor Confidence Index® (ICI) for March 2021.
The Global Investor Confidence Index increased to 93.9, up 2.0 points from February’s revised reading of 91.9. The increase in Investor Confidence was driven by the European ICI, which rose 12.6 points to 90.7, and the North American ICI, which rose 1.1 points to 94.4. Meanwhile, the Asian ICI dropped 4.9 points to 93.2.
The Investor Confidence Index was developed at State Street Associates, State Street Global Markets’s research and advisory services business, in partnership with FDO Partners. It measures investor confidence or risk appetite quantitatively by analyzing the actual buying and selling patterns of institutional investors. The index assigns a precise meaning to changes in investor risk appetite: the greater the percentage allocation
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The global State Street investor confidence index (ICI) increased to 93.9 in March, up two points from its February’s reading, thanks to the 12.6 point growth in the European ICI to 90.7.
The index also found North American investor confidence rose by 1.1 points to 94.4, while the Asian ICI dropped 4.9 points to 93.2.
Michael Metcalfe, head of global macro strategy, State Street Global Markets, said the first quarter of 2021 brought new challenges for investor confidence, in particular with regards to whether higher bond yields were reflecting the reflation trade or whether they were a threat to it.
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