State Street Global Markets: Investor confidence edged up slightly in July
The Boston Globe
Chris Reidy
An global index for investor confidence posted a 94 reading in July, up 0.7 points from June’s reading of 93.3, as many investors seemed to be in a cautious mood, State Street Global Markets said.
A reading of 100 represents neutral on the index scale. State Street Global Markets, which maintains the index, is the investment research and trading arm of State Street Corp., a financial services company headquartered in Boston.
The State Street Investor Confidence Index was developed by Harvard University professor Kenneth Froot and Paul O’Connell of State Street Associates, and the index seeks to measure investor confidence or risk appetite quantitatively by analyzing the actual buying and selling patterns of institutional investors.
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