Investor Confidence Index Month Index Jun 2004 85.5 Jul 2004 84.6 Aug 2004 86.5 Sep 2004 84.7 Oct 2004 89.2 Nov 2004 85.5 Dec 2004 90.1 Jan 2005 89.8 Feb 2005 89.8 Mar 2005 93.2 Apr 2005 89.0 May 2005 81.4
The State Street Investor Confidence IndexSM measures the attitude of investors to risk. Developed by Harvard Professor Ken Froot and State Street Associates Director Paul O'Connell, the Index uses the principles of modern financial theory to model the underlying behavior of global investors. Unlike other survey-based confidence measures that focus on expectations for future prices and returns, the Index provides a quantitative measure of the actual and changing levels of risk contained in investment portfolios representing about 15% of the world's tradable assets.