This just hasn’t been a good year for stocks or nearly any other financial asset. The S&P 500 is down 19% year to date, including more than 2% over the last month, while the tech-heavy Nasdaq Composite is off by 32% year to date, including 5% over the last month.
As a result, many investors are anxiously searching for a place to put their money for safe-keeping — and coming up empty in many cases. Thus, it’s no surprise that S&P Global’s Investment Manager Index shows that risk appetite among global investment managers has sunk to its lowest level since September, driven by darkening moods among U.S. equity