Institutional investors are much more optimistic about the global markets this month, according to the latest State Street Investor Confidence index. State Street Global Markets reported that investor confidence rose 3.3 points to 93.1, up from 89.8 in February.
State Street found that institutional investors in the United States are more optimistic than those in Europe and Asia, according to a statement from the firm.
"This month, the risk appetite of institutional investors unambiguously improved, as we've witnessed an increasing willingness among professional investors to hold risky assets in their portfolios," said Ken Froot, a professor at Harvard University who developed the survey in conjunction with State Street researchers. The State Street index measures investor confidence on a quantitative basis, analyzing actual buying and selling patterns of institutional investors.