North American investors have led a ‘dramatic and unprecedented' decline in investor confidence to a record low, according to State Street Global Markets.
Global Investor Confidence decreased by 17.5 points to 58.2 from a revised September level of 75.7, according to the State Street Investor Confidence Index for October 2008. Confidence among North American investors fell sharply from 75.1 to 50.8, while European confidence declined by 1.5 points to 79.6 and Asian confidence dipped by just 0.6 points from 87.1 to 86.5. The index measures investor confidence on a quantitative basis by analysing the buying and selling patterns of institutional investors. The more portfolio space institutional investors dedicate to equities, the greater t...
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