Global Investor Confidence Rose in April by 3.0 points to 114.5

Tuesday, April 24, 2018 11:20 am EDT

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BOSTON

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NYSE:
STT
"The April numbers came together with a general sense of cohesion amongst institutional investors and their confidence in risky assets. It appears that growing risk appetite echoes the strong start to the Q1 earnings season, even amid the recent challenges of heightened volatility and trade war fears"

BOSTON, April 24, 2018 — State Street Global Exchange today released the results of the State Street Investor Confidence Index® (ICI) for April 2018.

The Global Investor Confidence Index increased to 114.5, up 3.0 points from March’s revised reading of 111.5. Investors across all regions expressed an appetite for risk, with the North American ICI increasing from 109.1 to 112.3, the European ICI rising from 102.0 to 110.9, and the Asian ICI from 109.6 to 112.7.

The Investor Confidence Index was developed by Kenneth Froot and Paul O’Connell at State Street Associates, State Street Global Exchange’s research and advisory services business. It measures investor confidence or risk appetite quantitatively by analyzing the actual buying and selling patterns of institutional investors. The index assigns a precise meaning to changes in investor risk appetite: the greater the percentage allocation to equities, the higher risk appetite or confidence. A reading of 100 is neutral; it is the level at which investors are neither increasing nor decreasing their long-term allocations to risky assets. The index differs from survey-based measures in that it is based on the actual trades, as opposed to opinions, of institutional investors.

“The April numbers came together with a general sense of cohesion amongst institutional investors and their confidence in risky assets. It appears that growing risk appetite echoes the strong start to the Q1 earnings season, even amid the recent challenges of heightened volatility and trade war fears,” said Kenneth Froot.

“Despite the continued volatility in global equity markets it is interesting to see that institutional investor confidence continues to hold up across all regions,” commented Lee Ferridge, senior managing director and head of Multi-Asset Strategy, Americas at State Street. “Given disappointing data more recently, it is particularly notable that confidence in Europe rose strongly in April. Should volatility remain elevated, we will continue to look to our Investor Confidence Index for any signs that this faith in asset markets is starting to falter.”

About the State Street Investor Confidence Index®

The index is released globally at 10 a.m. Eastern time in Boston on the last Tuesday of each month. More information on the State Street Investor Confidence Index is available at http://www.statestreet.com/ideas/investor-confidence-index.html.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $33.30 trillion in assets under custody and administration and $2.70 trillion* in assets under management as of March 31, 2018, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at www.statestreet.com.

* Assets under management include the assets of the SPDR® Gold ETF and the SPDR® Long Dollar Gold Trust ETF (approximately $36 billion as of March 31, 2018), for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.

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The views expressed in this material are the views of State Street through the period ended April 24, 2018 and are subject to change based on market and other conditions.

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