Investor Confidence Decreased in April by 0.7 Points to 73.0

Wednesday, April 29, 2020 10:00 am EDT

Dateline:

BOSTON
"Investor confidence dipped slightly in April, largely driven by weaker sentiment for Asia"

State Street Global Markets today released the results of the State Street Investor Confidence Index® (ICI) for April 2020.

The Global Investor Confidence Index decreased to 73.0, down 0.7 points from March’s revised reading of 73.7. The Asian ICI plummeted to 18.3 points, falling to 80.0 from 98.3. Meanwhile, North American ICI inched upward by 1.2 points to 68.0 and the European ICI rose from 95.5 to 102.8.

The Investor Confidence Index was developed at State Street Associates, State Street Global Markets’ research and advisory services business, in partnership with FDO Partners. It measures investor confidence or risk appetite quantitatively by analyzing the actual buying and selling patterns of institutional investors. The index assigns a precise meaning to changes in investor risk appetite: the greater the percentage allocation to equities, the higher risk appetite or confidence. A reading of 100 is neutral; it is the level at which investors are neither increasing nor decreasing their long-term allocations to risky assets. The index differs from survey-based measures in that it is based on the actual trades, as opposed to opinions, of institutional investors.

“Investor confidence dipped slightly in April, largely driven by weaker sentiment for Asia,” commented Rajeev Bhargava, head of Investor Behavior Research, State Street Associates. “Despite an end of the lockdown in China, the Asia ICI fell to its lowest level since 2005, possibly a reflection of weaker economic data regionally and renewed concerns over the regions ability to sustainably exit lockdown as cases resurface in previously locked-down countries. In contrast, however, 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 cases locally seem to have had a stabilizing effect on risk behavior.”

The index is released globally at 10 a.m. Eastern time in Boston on the last Wednesday of each month. More information on the State Street Investor Confidence Index is available at http://www.statestreet.com/ideas/investor-confidence-index.html.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $31.86 trillion in assets under custody and/or administration and $2.69 trillion* in assets under management as of March 31, 2020, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

 

*Assets under management as of March 31, 2020 includes approximately $50 billion of assets with respect to which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.

 

Investing involves risk including the risk of loss of principal.

The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon.  You should consult your tax and financial advisor. All material has been obtained from sources believed to be reliable. There is no representation or warranty as to the accuracy of the information and State Street shall have no liability for decisions based on such information.

The views expressed in this material are the views of State Street through the period ended April  29, 2020 and are subject to change based on market and other conditions.

This news announcement contains forward-looking statements as defined by United States securities laws, including statements about the financial outlook and business environment. Those statements are based on current expectations and involve a number of risks and uncertainties, including those set forth in State Street's 2015 annual report and subsequent SEC filings.  State Street encourages investors to read the corporation's annual report, particularly the section on factors that may affect financial results, and its subsequent SEC filings for additional information with respect to any forward-looking statements and prior to making any investment decision. The forward-looking statements contained in this press release speak only as of the date hereof, April  29, 2020 and the company will not undertake efforts to revise those forward-looking statements to reflect events after this date.
State Street Corporation One Lincoln Street, Boston, MA 02111-2900.
The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without State Street’s express written consent.

© 2020 State Street Corporation - All Rights Reserved

Expiration Date: 9/30/2020

3062563.1.1.AM.RTL

Contact:

Brendan Paul
401 664-9182
BPaul2@StateStreet.com

Media Contacts

Contact a member of the State Street Media Relations Team.

Social Media

Business Wire NewsHQ℠