State Street Institutional
Investor Indicators
Investment insights based on facts, not surveys

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.

State Street Institutional Investor
Holdings Indicator

The Holdings Indicator tracks the aggregated portfolio holdings of institutional investors across stocks, bonds, and cash in percentage terms.

Key Facts
  • 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
Our latest report

Holdings

  • Cash holdings fell to their lowest level since the beginning of August.
  • Institutional investor allocation to bonds modestly rose.
  • Stock allocations were unchanged on the month despite a pick-up in equity allocations towards month-end. Stock holdings still remain above long-term average.

RiskAppetite

  • The State Street Risk Appetite Index rose to 0.27 by the end of September
  • Appetite reversed mid-month weakness in risk-taking following a series of supportive policy announcements
  • The move back into risk is not without challenges, notably the outcome of the US election and ongoing geopolitical risks
Holdings
  • Fixed Income ex Bills
  • Equities
  • Cash