Investor Confidence Rose in June by 8.2 Points to 87.6

Wednesday, June 26, 2019 10:32 am EDT

Dateline:

BOSTON

Public Company Information:

NYSE:
STT
"We continue to see improvement in institutional investors' risk sentiment this month"

June 26, 2019 — State Street Global Exchange today released the results of the State Street Investor Confidence Index® (ICI) for June  2019.

The Global Investor Confidence Index increased to 87.6, up 8.2 points from May’s revised reading of 79.4. Investors across all regions expressed an improved appetite for risk, with the European ICI rising from 92.4 to 103.2. And while still below the 100-level benchmark, the North American ICI rose from 76.5 to 82.1, and the Asian ICI increased from 88.8 to 96.1.

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.

“We continue to see improvement in institutional investors' risk sentiment this month,” said Rajeev Bhargava, managing director and head of Investor Behavior Research, State Street Associates. “While lingering trade tensions have been weighing down investor confidence and imposing stress on the global economy for some time now, markets have experienced tailwinds as of late as central banks in developed countries have turned more dovish.”

“The regional breakdown reveals a return to positive sentiment by European real-money investors, perhaps on expectations that dovish ECB policies may help reflate the Eurozone economy,” commented Kenneth Froot.  “Moreover, the Asian ICI also improved, likely driven by the hope of a compromise in trade tensions between the US and China at this month’s G20 meetings in Osaka, Japan and positive spillovers from Beijing’s stimulus.”

The index is released globally at 10 a.m. Eastern time in Boston on the last Wednesday 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 $32.6 trillion in assets under custody and administration and $2.8 trillion* in assets under management as of March 31, 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 http://www.statestreet.com/home.html.

* Assets under management include the assets of the SPDR® Gold ETF and the SPDR® Long Dollar Gold Trust ETF (approximately $33 billion as of March 31, 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 information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon.  You should consult your tax and financial advisor. All material has been obtained from sources believed to be reliable. There is no representation or warranty as to the accuracy of the information and State Street shall have no liability for decisions based on such information.

The views expressed in this material are the views of State Street through the period ended June 26, 2019 and are subject to change based on market and other conditions.

This news announcement contains forward-looking statements as defined by United States securities laws, including statements about the financial outlook and business environment. Those statements are based on current expectations and involve a number of risks and uncertainties, including those set forth in State Street's 2015 annual report and subsequent SEC filings.  State Street encourages investors to read the corporation's annual report, particularly the section on factors that may affect financial results, and its subsequent SEC filings for additional information with respect to any forward-looking statements and prior to making any investment decision. The forward-looking statements contained in this press release speak only as of the date hereof, June 26, 2019 and the company will not undertake efforts to revise those forward-looking statements to reflect events after this date.

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Expiration Date: 6/30/2020

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