Risk appetite returns to US market in October

Valuations no longer seen as drag

The appetite for risk among US investors has begun to return, as managers predict the first positive equity performance for the month in 2022.

S&P Global's Investment Manager Index found that October recorded the first positive outlook for risk this year in US markets, recording up 3%, compared to a negative 16% in September. The survey, which is based on data from about 300 institutional investors operating funds with assets under management of about $3.5trn, found that for the first time since the survey began in October 2020, valuations were no longer seen as a drag on the US equity market. However, the only other supportive element in markets, shareholder returns, have slipped to the lowest since late 2020. Slowing ...