Print The Global Investor Confidence Index (ICI) has dropped by 1.5 points to 92.7 in April, compared to March’s revised reading of 94.2, and was driven by decreases in the North American and the Asian ICIs, which fell to 92.2 from 94.8 and to 91.8 from 92.9, respectively. At the same time, the European ICI saw a three point uptick to 94.3. According to Rajeev Bhargava, head of investor behaviour research, State Street Associates, investor risk appetite remained largely in a holding pattern in April with the Global index declining just over one point, which represented the smallest change we have seen in more than six months.