Investor confidence reaches two-year high

The State Street Global Investor Confidence Index (ICI) increased to 94.3 in June, up 21 points from the May reading of 73.

The increase was led by a jump in the North America ICI which rose 18.8 points and Asian ICI which rose 18.6 points. There was a smaller increase in Europe from 108.5 to 119.7 points.

Rajeev Bhargava, head of investor behaviour research at State Street Associates, said: “Risk appetite saw a strong rebound in June. The global ICI rose to 94.3, its highest level in almost two years, buoyed by higher sentiment across all regions.

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“Unprecedented action by central banks combined with the re-opening of major economies around the globe likely drove a more optimistic tone of investors,” he said.

An ICI reading of 100 was neutral; the level at which investors were neither increasing or decreasing their long-term allocations to risky assets..




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