The results of the local servicers’ Investor Confidence Index (ICI) for May were released on Friday, which increased to 97.9, up 5.4 points from April’s 92.5 reading.
The jump is being attributed to a 6.0 point increase in North American Investor Confidence (97.8) and a 9.0 point increase in Asian Investor Confidence (100.8).
“Investor risk appetite improved by its largest margin of the year in May, buoyed largely by reopening optimism on the heels of broader vaccination access, particularly in advanced economies,” State Street Global Markets’ senior macro strategist, Marvin Loh, said.
“Rising yields, which had generated investor concern earlier this year, have been generally stable recently, contributing to positive gains in investor confidence in both North America, as well as Asia, even in spite of ongoing issues with vaccine rollouts in Asian countries.”
However despite the healthy increases in North America and Asia, the European ICI took a slight hit and dropped by 1.2 points (93.0)
“In contrast, European investors saw a slight contraction in confidence this month as gains on the vaccination front were met with slightly higher yields,” Mr Loh said.
Neil Griffiths
Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.
Neil is also the host of the ifa show podcast.
