Surveys
Investors Smiled On Risk In June - State Street

Judged by their deeds rather than words, investors around the world grew more eager to hold risk assets in June such as equities, the US-based organisation said.
Investors around the world became more optimistic about financial
markets in June, as revealed by the balance of their buying and
selling behaviour, according to a monthly temperature gauge from
State Street,
published last week.
The State Street Investor Confidence Index® increased to 94.3,
jumping 21 points from May’s revised reading of 73.3. North
American ICI led the way, rising from 18.8 points to 86.2,
followed closely by the Asian ICI which was up from 18.6 points
to 100.0. The European ICI was up by double digits as well,
rising to 119.7 from 108.5.
“Unprecedented action by central banks combined with the
reopening of major economies around the globe likely drove a more
optimistic tone of investors. However, it will be important to
see whether the positive momentum in sentiment endures as signs
of a second wave in COVID infections drive volatility in asset
markets,” Rajeev Bhargava, head of investor behaviour research,
State Street Associates, said.
The index tracks risk appetite quantitatively: the greater the
percentage allocation to equities, the higher the risk appetite
or confidence. A reading of 100 is neutral; it is the level at
which investors are neither increasing nor decreasing their
long-term allocations to risky assets. The index differs from
survey-based measures in that it is based on the actual trades,
as opposed to opinions, of institutional investors.