Bringing you live news and features since 2006 

Long term outlook for Trust & Estate Business reveals growing doubts about the economy


The Society of Trust and Estate Practitioners’ (STEP) latest global quarterly confidence survey reveals growing doubts about the economy although it remains in positive territory.

The STEP Near Term Confidence Index, which looks at the outlook over the next three months, has fallen slightly this quarter, from 15 to 11. This index was -13 at the start of 2009. Similarly, the STEP Longer Term Confidence Index, which looks at the outlook over the next 12 months, has dropped from 28 to 23 which is the lowest it has fallen since 2009, illustrating growing doubts about the economy, although still positive.

STEP Chief Executive David Harvey (pictured), says: “These survey results show our membership have confidence about the long term outlook for trust and estate business, but are becoming a bit more wary of changes to the economy.”

The quarterly confidence survey looks at members’ views across a wide range of jurisdictions and trust and estate businesses.

The Confidence Indices are constructed by taking the balance of survey respondents replying that they expect business to “improve” or “significantly improve” relative to those expecting business to “decline” or “decline significantly”.

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by