INVESTOR confidence jumped during the final quarter of 2009, buoyed by improved global risk appetite and a pick-up in offshore economies, a surveys show.
The investor confidence index (ICI), rocketed by 32,3 points to 94,6 — a rise of 52% compared with the same quarter of 2008. That was the highest level for the ICI since the third quarter of 2007, before the global financial crisis.
The three main components of the index are asset allocation by local funds, a US volatility index seen as a proxy for risk aversion and SA’s leading indicator for the business cycle.
The so-called leading indicator jumped 11,6% in November — its biggest rise in more than five years — sending a strong signal that the economy’s recovery is on track.
http://www.businessday.co.za/articles/Content.aspx?id=92832
http://www.directinvestment.biz/
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