State Street Global Exchange has released the results of the State Street Investor Confidence Index (ICI) for April 2019.
The Global Investor Confidence index increased to 72.9 up 1.7 points from March's revised reading of 71.2. Confidence among North American investors improved, with the North American ICI rising from 68.3 to 71.1. The European ICI declined by 1.5 points to 86.7 and the Asia ICI decreased by 6.7 points to 92.9.
Rajeev Bhargava, managing director and head of Investor Behavior Research, State Street Associates said: "While equity markets demonstrated strong performance in Q1, institutional investors continue to show limited change in their risk appetite and have remained largely reluctant to jump back into risky assets."
"In April, US markets have continued to rise as concerns about the economic and earnings outlook started to diminish. It appears, however, that neither the rebound in equity prices nor the Federal Reserve's dovish shift are sufficient drivers to bring investors' confidence into the risk-seeking territory," commented Kenneth Froot, developer of Investor Confidence Index.