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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.

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