Global investor confidence increased 1.8 points to 89.9 in September, as measured by State Street Global Markets' Investor Confidence index released Tuesday.
The gains were a result of increased confidence in Europe and Asia, according to a news release detailing the report's findings. European investor confidence was up 5.6 points to 95.7, while the Asian index was up 5.5 points to 100.7 for the month.
Investor confidence in North America was down 1.1 points to 86.2 in September.
“It is instructive that the impetus for the improvement in the global index comes from Europe and Asia,” Paul O'Connell, president and partner at investment management firm FDO Partners and co-author of the report, said in the news release. “In particular, confidence among institutional investors in Asia has risen back above the neutral 100 level. It remains to be seen whether the stress emanating from the euro region will impact real activity globally to the point where investors find equities unattractive; however, we are not presently observing the level of ‘derisking' that took place in 2008-2009.”
Neither Mr. O'Connell nor report co-author Kenneth Froot was available for comment.
Rankings of more than 100 in the index indicate investors have a higher risk for tolerance, while those below 100 show that investors are more risk-averse.