Global investor attitudes were looking up in March, according to State Street Global Exchange, which recorded a 15.1 point rise on its global investor confidence index.

Investor confidence is on the upswing this month, according to State Street Global Exchange's monthly Investor Confidence Index.

The global reading climbed 15.1 points to 120.1 this month, a stark contrast from the 1.4 point dip recorded in February. North American investors were particularly optimistic in March – the region's ICI jumped 30 points to 135.4. 

“We’ve been in a post-crisis regime characterised by diversification out of international equities and into safer asset classes. However, given the continued liquidity provision from major central banks, institutions appear to be developing renewed appetite for global equities,” said State Street Associates' Kenneth Froot.

“With reduced short-term interest rate forecasts for 2015 and 2016 by the Federal Reserve and the commencement of sovereign quantitative easing by the European Central Bank, North America investor sentiment increased the most. However, market sentiment, like the Federal Reserve, will likely be highly data dependent over the next couple of months.”

As uncertainties surrounding Greece's debt burden persisted however, confidence in Europe fell once again, by 1.6 points, but this was notably less pronounced than the region's 8 point slump last month.

This time, it was Asia that flagged bearish attitudes. Concerns over China's economic growth prospects pulled investor confidence here down by 4 points to 90.3 in March.

The State Street Investor Confidence Index assesses allocation to equities to determine changes in confidence or risk appetite.