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SINGAPORE, Aug 29, 2012- Global Investor Confidence Index (ICI) fell in August 2012 on a month-to-month basis, according to State Street Global Markets, the investment research and trading arm of State Street Corporation.
The global ICI fell from July's revised reading of 94.3 to 90.9 in August.
Driving the decline was a sharp deterioration in risk appetite among North American investors: the North American ICI declined 8.7 points from July's revised level of 93.1 to settle at 84.4.
The European ICI was close to unchanged, ticking down half-a-point from 101.7 to 101.2.
Among Asian investors, risk appetite improved for the fourth successive month, and the Asian ICI rose 2.9 points from a revised level of 90.6 to finish at 93.5.
The State Street Investor Confidence Index was developed by Harvard University professor Kenneth Froot and Paul O'Connell of State Street Associates.
It measures investor confidence or risk appetite quantitatively by analysing the actual buying and selling patterns of institutional investors.
More information :BERNAMA
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