News

European investor confidence falls

Risk optionsEuropean investors’ risk appetite dropped in February, but just remained inside positive territory.

State Street’s European Investor Confidence Index (ICI) fell 12.9 points to 100.6.

This suggests fewer investors were increasing their allocations to risk assets.

However, the global version of the index showed an increase of 4.4 points to 107.4.

North American and Asian investors expressed a renewed appetite for risk, State Street said, with the North American ICI increasing by 6.1 points to 104.4, and the Asian ICI rising by 7.8 points to 108.5.

“The month of February was far from boring. Global markets witnessed inflation concerns and growing fears about the pace and degree of rising rates. However, it appears that the return of market volatility did not suppress institutional investors’ risk-seeking appetite,” said Kenneth Froot, of State Street Associates.

©2018 funds europe