SINGAPORE: Global Investor Confidence Index (ICI) rose 11.9 points to 106.8 in June 2013, from the revised reading of 94.9 in May, according to State Street Global Markets, the investment research and trading arm of State Street Corporation.
The increase was largely driven by an increase in risk appetite among North American investors, as evidenced by the 11.4 point increase in the North American ICI to 114.0 from May’s revised level of 102.6.
Confidence also increased among European and Asian institutions, with the European ICI up 4.7 points to 98.4 from a revised 93.7 in May and the Asian ICI index ticking up to 89.1 from May’s reading of 86.0.
The State Street ICI was developed by Harvard University professor Kenneth Froot and Paul O’Connell of State Street Associates.
It measures investor confidence or risk appetite quantitatively by analysing the actual buying and selling patterns of institutional investors.