The November reading is down from October’s revised reading of 95.5.
A reading of 100 is neutral and indicates investors are neither increasing nor decreasing their long-term allocations to risky assets, according to State Street.
While North American and Asian sentiment improved, increasing 3.2 points to 89.4 and 3.4 points to 98.9 respectively, European sentiment fell from 111.3 in October to 101.5 this month.
Harvard University professor Kenneth Froot said improved economic data and consensus around the nomination of Janet Yellen as the chair of the US Federal Reserve (which suggested delayed tapering) seems to be generating greater investor confidence.
“Investors in the United States are still aware of the challenges, and overall confidence reflects this as sentiment has yet to return to a more neutral stance,” said Mr Froot.
State Street head of research Jessica Donohue said the results from this month are in direct contrast to those from October.
“European confidence, which clocked in at its highest level since July 2007 last month, has retrenched to near neutral territory, driven primarily by weaker sentiment for the UK,” said Ms Donohue.
