Institutional investors’ confidence rises

Institutional investor confidence worldwide increased 12.7 points to 72.9, from January’s level of 60.2.
FEB 17, 2009
Institutional investor confidence worldwide increased 12.7 points to 72.9, from January’s level of 60.2, according to the State Street Investor Confidence Index for February, released today by State Street Global Markets. The index measures confidence among institutional investors by analyzing their buying and selling patterns on a quantitative basis. It is based on a financial theory that assigns precise meaning to changes in investor risk appetite, or the willingness of investors to allocate their portfolios to equities. The more of their portfolios that institutional investors are willing to devote to equities, the greater their risk appetite or confidence. As during last month, the increase in investor confidence was driven by North American institutional investors, whose confidence climbed 13.0 points to 64.5. Elsewhere, risk appetite was somewhat more subdued, as evidenced by a decline of 3.2 points in the European index to 69.8, and a decline in the Asian index of 2.7 points to 83.8. State Street Global Markets is the investment research and trading arm of State Street Corp. of Boston.

Latest News

Ameriprise, advisor on the hook to pay Edward Jones $4.7 million in trade secrets lawsuit.
Ameriprise, advisor on the hook to pay Edward Jones $4.7 million in trade secrets lawsuit.

In a constant fight over control of clients, the financial advice industry has a long history of such allegations and disputes.

Powering retirement for Wall Street
Powering retirement for Wall Street

Retirement fintech Vestwell has hit profitability and $200 million in annual recurring revenue, powering savings programs for 750,000 employers and Wall Street’s biggest firms

FINRA fines Vanguard $950,000 over decade of cost basis errors
FINRA fines Vanguard $950,000 over decade of cost basis errors

Faulty Forms 1099 and account statements reportedly left some Vanguard brokerage customers overpaying or underpaying taxes for over a decade.

More ETFs, more opportunity, more homework
More ETFs, more opportunity, more homework

The democratization of ETFs cuts both ways

Advisor moves: Raymond James, Baird add significant teams in latest recruiting push
Advisor moves: Raymond James, Baird add significant teams in latest recruiting push

Independent broker-dealers snap up experienced advisors as competition for established practices intensifies.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains