The State Street Investor Confidence Index rose by 8.7 points in February to post a reading of 123.
The index is compiled by State Street Global Exchange, a unit of State Street Corp., the Boston-based financial services company.
The index measures investor confidence or risk appetite quantitatively by analyzing the actual buying and selling patterns of institutional investors. A reading of 100 is neutral for the index
“Weaker US economic data and troubles in emerging markets sparked a dramatic correction in global equities in late January and early February, but longer-term investors did not panic” Michael Metcalfe, senior vice president and head of multi-asset strategy at State Street Global Markets, said in a statement. “Instead, they used the sell-off in risk assets as a buying opportunity and measured investor sentiment rose in all regions bar Europe.”Chris Reidy can be reached at email@example.com.