Investor confidence decline “comparable in severity” to crisis
Waning confidence among US institutional investors pulled down a global index of investor risk-taking, despite more positive sentiment in Europe and Asia.
State Street’s Global Investor Confidence Index showed an overall decrease of 2.8 points in December to 79.7. Any reading below 100 suggests the extent to which investors are taking less risk.
European investor confidence - although still below 100 - showed an increase of 2.1 points to 90.4, while sentiment among Asian instit...