2017 Economic Calendar
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State Street Investor Confidence Index  
Released On 8/29/2017 10:00:00 AM For Aug, 2017
State Street Investor Confidence Index108.9 106.8 

Global institutional investor appetite for equities waned in August after surging in July, according to State Street. The State Street Investor Confidence Index fell 2.1 points in August to 106.8, driven down mainly by a 4.9 point drop in the European component to 89.3. The North American component also declined but much more modestly, shedding 0.3 points to 111.8, still comfortably inside the equity net acquisition zone. Sentiment in the Asian component improved by 3.3 points to 99.3, still in negative territory indicating that institutional investors are net sellers of equities but only by a small margin. With an August 23 cut-off, results did not show the impact of the Jackson Hole retreat.

The August weakness for Europe reflects increased caution despite growth and earnings that have beaten expectations as institutional investors anticipate the potential headwinds of a strong Euro and eventual tapering of central bank asset purchases.

The State Street Investor Confidence Index measures confidence by looking at actual levels of risk in investment portfolios. This is not an attitude survey. The State Street Investor Confidence Index measures confidence directly by assessing the changes in investor holdings of equities. The more of their portfolio that institutional investors are willing to invest in equities, the greater their confidence. The report's main index is global and is based on activity in 45 countries. The report tracks more than 22 million transactions annually. There are three published components: North America, Europe and Asia-Pacific. The separate weightings of the three components vary month to month based on investment activity and are not published. Also included in the global index, but also not published, is activity in South America and the Middle East.  Why Investors Care

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