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Laxman Pai, Opalesque Asia: Global institutional investor confidence has exhibited little signs of recovery following last month's sharp decline in the State Street's global investor confidence index (ICI). It appears that investor confidence was slightly less cautious in February from the previous month.
The index, measures investor confidence or risk appetite quantitatively by analysing the actual buying and selling patterns of institutional investors, improved 1.5 points to 70.9 in February from January's revised reading of 69.4, State Street said.
Confidence among North American investors showed a slight uptick, with the North American ICI rising from 65.7 to 66.3. The European ICI rose by 6.1 points to 96.0 and the Asia ICI decreased by 3.5 points to 96.4.
The Investor Confidence Index, which was developed by Kenneth Froot and Paul O'Connell at State Street Associates, State Street Global Exchange's research and advisory services business, measures investor confidence or risk appetite quantitatively by analyzing the actual buying and selling patterns of institutional investors.
"Institutional investors remained cautious in February, continuing to show hesitance toward riskier assets," said Kenneth Froot. "With lingering growth and trade policy uncertainty, it appears that the more dovish Fed and the hopes for progress on the US-China trade front are not enough to tip the scales - related to risk aversion."
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