GLOBAL - Fears Europe is not as decoupled from the US slowdown as once thought may be behind a fall in investor confidence across the continent, according to State Street Global Markets.
Professor Ken Froot, Harvard University, who co-designed the survey, commented: "After recovering somewhat over the last quarter, global institutional risk appetite fell back towards its February level this month.
"The recent moves off the December low of 65.9 were relatively modest, and indicate that while institutional investors see some value in the current prices of risky assets, they continue to have some trepidation."
US investor confidence dipped more than the overall average, down 4.9 to 72.8, but Asian investors were less pessimistic, only falling 1.7 points to 86.2.
The figures, released by State Street's Investor Confidence Index, were based on an analysis of institutional investor activity on global equities markets.
The index was calculated by the amount of a portfolio investors are willing to hold in equities, with higher allocations equating to a greater appetite for risk, or confidence.
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