State Street Corporation

11/24/2021 | Press release | Distributed by Public on 11/24/2021 09:10

Investor Confidence Drops 3.6 Points in November to 110.5

BOSTON, November 24, 2021 - State Street Global Markets today released the results of the State Street Investor Confidence Index® (ICI) for November 2021.

The Global Investor Confidence Index decreased to 110.5, a drop of 3.6 points from October's revised reading of 114.1. The decrease in investor confidence was led by North American ICI, which dropped 5.3 points to 108.7. Asian ICI was up a more modest 4.8 points to 108.1, and European ICI ticked down 1.4 points to 95.3.

The Investor Confidence Index was developed at State Street Associates, State Street Global Markets' research and advisory services business, in partnership with FDO Partners. It measures investor confidence or risk appetite quantitatively by analyzing the actual buying and selling patterns of institutional investors. The index assigns a precise meaning to changes in investor risk appetite: the greater the percentage allocation to equities, the higher risk appetite or confidence. A reading of 100 is neutral; it is the level at which investors are neither increasing nor decreasing their long-term allocations to risky assets. The index differs from survey-based measures in that it is based on the actual trades, as opposed to opinions, of institutional investors.

"Investor sentiment remained near its 3-year high in November, although the Global ICI has eased off the strong levels recorded last month," commented Marvin Loh, global macro strategist, State Street Global Markets. "The overall positive tone in risk assets pushed global equity bourses to multi-year highs, led by North America, with U.S. equity investors looking past the start of Fed tapering, higher inflation readings and more aggressive rate hike expectations. Investor's willingness to look through surging inflation will be key to maintaining the overall investor confidence that has emerged globally this year."

The index is released globally at 10 a.m. Eastern time in Boston on the last Wednesday of each month. More information on the State Street Investor Confidence Index is available at

About State Street

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $43.3 trillion in assets under custody and/or administration and $3.9 trillion* in assets under management as of September 30, 2021, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street's website at

*Assets under management as of September 30, 2021 includes approximately $60 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

Brendan Paul
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