State Street's risk appetite index fell to -0.09 in October, a second straight
monthly decline, but the firm says the pullback is limited. Institutional
investors trimmed FX and commodity exposures while remaining relatively positive
on equities and bonds. Equity allocations edged down in October but remain well
above long-run averages; technology positions are being trimmed rather than sold
off and overall equity and tech weightings stay elevated, State Street Markets
equity research head Marija Veitmane said.
