State Street Investor Confidence Index Falls

Global institutional investors became even more risk averse in September, according to State Street, whose Investor Confidence Index based on the actual portfolios of their institutional clients fell to 88.3, down 5.7 points from August's revised reading of 94.0 As in the previous month, when the index fell by an even larger amount, it was North American investors who led the decline , with the sub-index for the region falling 7.5 points to 84.5. The sub-index for Asia all fell, shedding 2.5 points to a neutral 100.0, while the European regional index managed to buck the trend by rising 1.0 point to 101.0.