Thu, Dec 3, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Investor confidence down in October by 3.8 points to 80.1

Friday, October 30, 2020
Opalesque Industry Update - State Street Global Markets today released the results of the State Street Investor Confidence Index (ICI) for October 2020.

The Global Investor Confidence Index decreased to 80.1, down 3.8 points from September's revised reading of 83.9. The drop in Investor Confidence was primarily driven by a 17.4 drop in European ICI to 92.8. The North American ICI fell a more modest 2.0 points to 76.8. Meanwhile Asian ICI increased to 91.7 from 84.5.

"Aggregate risk appetite slipped in October, and the decline in sentiment was seeimingly driven by US and European investors, as a second wave COVID infections rose sharply and simultaneously across regions, again elevating concerns about growth," said Rajeev Bhargava, head of Investor Behavior Research, State Street Associates. "Interestingly, Asia witnessed a bounce in investor appetite, possibly reflecting the regions current ability to contain the virus locally. Howerver, combined with the uncertainly over the upcoming US election, the long-term trend for global investor sentiment remains unclear. It will be important to see if risk appetite steadies regionally on the outcome of the election or whether the rise in COVID infections we are seeing remains a driving force that will continue to impact investors over the next several weeks."

With $36.6 trillion in assets under custody and/or administration and $3.1 trillion in assets under management as of September 30, 2020, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SPACs: Seth Klarman bets big on Bill Ackman, other SPACs, CRE firms join the SPAC boom[more]

    Seth Klarman bets big on Bill Ackman, other SPACs From MSN: Hedge fund manager Seth Klarman revealed several investments in SPACs during the third quarter, including a big bet on the largest SPAC from Bill Ackman. A 13F filing from the third quarter reveals Klarman's Baupost Fund to

  2. Renaissance, Two Sigma see losses as quant giants navigate chaos, Hedge fund run by BofA veterans trounces 99% of Brazil peers, Amid a tough year, CQS makes changes - and sees a rebound[more]

    Renaissance, Two Sigma see losses as quant giants navigate chaos From Bloomberg: Two of the hedge fund industry's quantitative powerhouses are getting tripped up this year as wild markets throw off their investing models. Renaissance Technologies, which manages the world's biggest q

  3. Investing: Hedge funds bet on tech ahead of unpredictable fourth quarter, The Tiger crowd's fresh buys, raises Uber stake, David Einhorn adds Twitter and Intel shares, keeps big bets on inflation, Palantir stock rockets to record highs as hedge funds disclose stakes, Trian dumped GE stock, but Druckenmiller stood pat in Q3 as SEC probe heated up[more]

    Hedge funds bet on tech ahead of unpredictable fourth quarter From Bloomberg: Hedge funds mostly stuck with the safety of technology stocks during the third quarter as they headed toward the uncertainty of this month's U.S. election. If they're still holding on to those wagers, it will

  4. SPACs: As Ackman hunts blockbuster deal, he counts on big backers[more]

    From Reuters: Hedge fund veteran William Ackman has the support of some of Wall Street's top investors as he tries to pull off the biggest-ever deal carried out by a blank-check acquisition company, according to regulatory filings published in the last few days. Among the heavy hitters rounded u

  5. Bill Ackman is bullish on stocks for 2021, but has a hedge position for a 'tragic' end to 2020[more]

    From CNBC: Billionaire hedge fund manager Bill Ackman, who made big money betting against the markets earlier this year, said he's optimistic about a recovery in 2021, but investors will need to get through a "tragic" year-end first. "We think the next couple of months unfortunately are going to