Investors Reduce Their Exposure To Equities

Global institutional investors reduced their exposure to equities at a slower pace in September, according to State Street, whose Investor Confidence Index based on actual portfolios of their institutional clients rose to 80.1, up 3.3 points from August's revised reading of 76.8. Risk appetite rose mainly in Europe, where the regional sub-index jumped 18.5 points to 107.6. The North America sub-index fell further by 1.7 points to 71.8 while Asia was down 1.9 points to 87.4.