Risk appetite returns to US market in October

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 ...