POWERED BY MOMENTUM MEDIA
Asian investor sentiment plummets
Global investor confidence dipped in April, driven by weaker sentiment in Asia, according to State Street.
State Street’s global investor confidence index recorded a decrease of 0.7 points to 73 in April from March as Asian sentiment dropped 18.3 points to 80. However, Norther American investors were most optimistic with an increase of 1.2 points to 68 and European sentiment up from 95.5 to 102.8/
State Street Associates head of investor behaviour research, Rajeev Bhargava, said: “Despite an end of the lockdown in China, the Asia investor confidence index fell to its lowest level since 2005, possibly a reflection of weaker economic data regionally and renewed concerns over the region’s ability to sustainably exit lockdown as cases resurface in previously locked-down countries.
“In contrast, however, the US and Europe showed stability in investor appetite this month with Europe actually seeing a material rise in investor confidence.
“The unprecedented amount of stimulus central banks have injected into markets as well as signs of a slowing in new COVID-19 cases locally seem to have had a stabilizing effect on risk behaviour.”
An index reading of 100 is neutral – the level at which investors were neither increasing or decreasing their long-term allocations to risky assets.
Recommended for you
The property group, owned by industry super fund Aware Super, has announced two new projects with a total construction value of $320 million that will add more than 700 homes to Melbourne’s rental market.
While institutional investors, including super funds, unanimously acknowledge the energy transition as a significant challenge, their perspectives on the extent of their involvement in addressing the substantial capital requirements vary widely.
Despite a period of increased volatility, several considerations suggest that the bull market will remain intact and the trend in shares will remain up, an economist has suggested.
HESTA has slammed Woodside’s climate transition action plan, pointing to “significant” gaps.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment