The State Street Institutional Investor Indicators provide investors, policymakers, and the public with insights into the aggregated and anonymized positioning, risk appetite, and portfolio carbon exposures of thousands of institutional investors around the world, representing trillions of dollars in assets.
The Holdings Indicator tracks the aggregated portfolio holdings of institutional investors across stocks, bonds, and cash in percentage terms.
- The Institutional Investor Holdings Indicator measures the broad asset allocations of institutional investors to cash, stocks, and bonds
- During times of market stress, cash allocations tend to rise while stock allocations tend to fall
- When short-term interest rates are relatively high, cash holdings tend to rise relative to bonds
- Released monthly
Holdings
The State Street Holdings Indicators showed that long-term investor allocations to equities were largely unchanged, remaining at the highest level in sixteen and a half years. Cash holdings rose a modest 10bps, which was entirely funded by a 13bps fall in allocations to fixed income securities.
RiskAppetite
The State Street Risk Appetite Index fell to -0.09 in December, breaking the four consecutive months of risk seeking activity seen previously.
- Fixed Income ex Bills
- Equities
- Cash