State Street Institutional
Investor Indicators
Investment insights based on facts, not surveys
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
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
- Institutional investors' allocation to cash has increased a little (55bps) during August, but remains not far from long-term averages
- Institutional investors have responded to the sharp sell off in equity market in early August by reducing their allocations to stocks, despite the equity rally in the second half of the month.
- Institutional investors' allocation to bonds has also come down.
RiskAppetite
- The State Street Risk Appetite Index picked up modestly at the end of August after a cautious start of the month.
- August started with the biggest spike in volatility all year and institutional investors were quick to respond – selling risky stocks, currencies and switching from stocks to cash.
- This bout of risk aversion did not last as the market quickly re-priced the Fed’s rate cutting cycle. Risky assets recovered their losses, while institutional investors started dipping their toes back into risk trades.
Holdings
- Fixed Income ex Bills
- Equities
- Cash