The Investment Managers Risk Appetite Index experienced a decline into risk-averse territory in March, influenced by recent US-Israeli military actions against Iran. S&P Global PMI posted on X, highlighting the impact of these geopolitical tensions on investor sentiment. Despite the short-term dip in risk appetite, long-term perspectives among investment managers have remained stable, indicating confidence in future market conditions. The index's movement reflects the cautious approach investors are adopting in response to the current geopolitical climate.