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Laxman Pai, Opalesque Asia: Global investor confidence rose to 79.5 points during May, up 6.6 points from April, yet overall sentiment towards markets remained low.
While European and North American investor confidence increased to 76.7 and 92.5 points respectively, in Asia it dropped by 4.2 points to 88.4, according to the State Street Investor Confidence Index (ICI).
"Investors that embraced 'sell in May and go away' rested easier this month, as risk assets are experiencing their weakest performance of the year. Driven by trade and growth concerns, global equities are set to close broadly in the red for the first time this year. Yields have all but collapsed, with developed market sovereign interest rates falling to their lowest levels in years," said, Marvin Loh, senior Global Macro Strategist, State Street Global Markets.
"The overall hesitancy that we have seen from investors all year, reflects many of the concerns that emerged this month," Marvin added.
"Trade war and Brexit-related uncertainty dominated this month's headlines. Institutional investors have been wary, and with potential supply-chain disruptions and concerns about rising protectionism it is understandable that sentiment remains anchored in the risk-averse territory," commented Kenneth Froot at State Street Associates.
"However, while the low level of the index points to risk-off behavior over the last few months, the solid uptick this month indicates some investors may be...................... To view our full article Click here
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