Investor confidence increases by 1.5 points to 70.9 in February 2019

clock
Investor confidence increases by 1.5 points to 70.9 in February 2019

State Street Global Exchange has released the results of the State Street Investor Confidence Index (ICI) for February  2019.

The Global Investor Confidence Index increased to 70.9, up 1.5 points from January's revised reading of 69.4. Confidence among North American investors showed a slight uptick, with the North American ICI rising from 65.7 to 66.3. The European ICI rose by 6.1 points to 96.0 and the Asia ICI decreased by 3.5 points to 96.4.

"Institutional investors remained cautious in February, continuing to show hesitance toward riskier assets," said Kenneth Froot, developer of ICI. "With lingering growth and trade policy uncertainty, it appears that the more dovish Fed and the hopes for progress on the US-China trade front are not enough to tip the scales - related to risk aversion."

"Global institutional investor confidence has exhibited little signs of recovery following last month's sharp decline in the ICI. Although cross-asset volatility has tempered, the crude memories of Q4's market decline, along with increasing  growth concerns in Europe and China, place headwinds on investor confidence," commented Rajeev Bhargava, managing director and head of Investor Behavior Research, State Street Associates.