Investor Confidence Increased in November by 1.7 Points to 80.9

Wednesday, November 27, 2019 3:00 pm EST

Dateline:

BOSTON

Public Company Information:

NYSE:
STT
"Global investor confidence inched higher in November, but still remains well below a neutral reading of 100, adding to the streak of cautionary investor behavior since late 2018"

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

The Global Investor Confidence Index increased to 80.9, up 1.7 points from October’s revised reading of 79.2. The increase in sentiment was driven by a 1.1 point rise in the European ICI to 133.9. The North American ICI remained steady at 67.7, and the Asian ICI dipped by 0.1 point to 85.6.

The Investor Confidence Index was developed by Kenneth Froot and Paul O’Connell at State Street Associates, State Street Global Markets’ 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.

“Global investor confidence inched higher in November, but still remains well below a neutral reading of 100, adding to the streak of cautionary investor behavior since late 2018,” commented Ken Froot. “The stark regional difference between North America and Europe remained steady, particularly with policy uncertainty surrounding the impeachment hearings and the trade war continuing to weigh upon investor sentiment in the US.”

“European investor confidence remains elevated,” said Michael Metcalfe, senior managing director and head of Global Macro Strategy, State Street Global Markets. “The last time European investor confidence was this high was just before the first round of ECB government bond buying in late 2014. While there has been a similar surge in confidence in 2019, it has at least lasted through the first month of actual bond purchases.”

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.

The December 2019 Investor Confidence Index will be distributed on December 27th, 2019 due to the Christmas Bank holiday.

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 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 November 27, 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, November 27, 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: 11/30/2020
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KCDoherty@statestreet.com
@StateStreet

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