State Street Global Investor Confidence Index (ICI) for July 2017 increased to 108.9, an increase of 7.9 points compared to June’s revised reading of 101.
The data revealed a rise of 10 points in the ICI across North America to 112.1.
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In Europe, the confidence dipped by 4.3 points to 94.2, whereas in Asia the confidence dropped by 1.3 points to 96.
State Street Associates managing director and head of investor behaviour research Rajeev Bhargava said: “Continued improvements in global economic growth seem to have ignited institutional investors’ risk appetite. Strong earnings growth expectations and optimism grounded in the improving economic outlook have taken precedence over the rising anticipation of reduced central bank balance sheets and a more a hawkish tone.”
The ICI was developed by Kenneth Froot and Paul O’Connell at State Street Associates, State Street Global Exchange’s research and advisory services business.
The index has been designed to measure investor confidence or risk appetite quantitatively by assessing the actual buying and selling patterns of institutional investors.
