Institutional investors continued the pattern established late in 2011 of reducing allocations to equities, according to results of the State Street Investor Confidence Index for February 2012.
“Given that equity returns have been positive over the last one and three months, it is clear that these institutions have been ‘liquidity providers’ in the market, comfortable with rebalancing their portfolios at these higher valuations,” stated Harvard University professor Kenneth Froot, who developed the index alongside Paul O’Connell of State Street Associates.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access