Investor Confidence Declined in December by 1.3 Points to 79.7

Friday, December 27, 2019 11:04 am EST

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BOSTON

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STT
"Interestingly however,the bounce in risk sentiment did not transmit into Europe, where investor confidence fell sharply this month, possibly from a combination of weaker economic data and continued uncertainty of a hard Brexit on the region."

BOSTON, December 27, 2019 — State Street Global Markets today released the results of the State Street Investor Confidence Index® (ICI) for December  2019.

The Global Investor Confidence Index decreased to 79.7, down 1.7 points from November’s revised reading of 81.0. The decrease in sentiment was driven by a 24.5 point drop in the European ICI to 109.4. Meanwhile, the North American ICI and the Asian ICI increased to 71.6 and 89.9, respectively.

The Investor Confidence Index 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.

 “Investor sentiment in North America continues to lag behind its European and Asian counterparts. While still below the neutral level of 100, optimism around a workable China trade deal appears to have lifted the appetite of Asian investors,” says Rajeev Bhargava, head of Investor Behavior Research for State Street Associates. “Interestingly however,the bounce in risk sentiment did not transmit into Europe, where investor confidence fell sharply this month, possibly from a combination of weaker economic data and continued uncertainty of a hard Brexit on the region.”

The index is released globally at 10 a.m. Eastern time in Boston on the last week 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 $32.90 trillion in assets under custody and administration and $2.95 trillion* in assets under management as of September 30, 2019, State Street operates globally in more than 100 geographic markets and employs approximately 40,000 worldwide. 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 $44 billion as of September 30, 2019), 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 December  27, 2019 and are subject to change based on market and other conditions.

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