Institutional investors are more confident this month, according to the State Street Investor Confidence Index.
Global investor confidence rose by 5.1 points to 97.2 from May’s revised reading of 92.1.
“Looking regionally, it is North American institutional investors who are displaying the most enthusiasm,” says State Street Associates director Paul O’Connell. “European investors have followed suit to some degree, but Asian institutions have been reluctant to deploy risk, and confidence there remains more or less at the same level as at the start of the year.”
The index measures investor confidence on a quantitative basis, analyzing actual buying and selling patterns of institutional investors. The more that institutional investors are willing to devote to equities in their portfolio, the greater their confidence.
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