State Street : Investor Confidence Declined in November by 0.3 points to 98.9

November 29, 2016 -State Street Global Exchange today released the results of the State Street Investor Confidence Index® (ICI) for November 2016.
The Global ICI decreased to 98.9, down 0.3 points from October's revised reading of 99.2. The decline in sentiment was driven by the 4.6-point decrease in the Asian ICI to 116.1 and the 2.6-point decline in the European ICI to 86.5. The North American ICI rose slightly from 95.6 to 95.7.
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.
'While global markets continue to decipher the economic and political effects of a Trump presidency on the heels of Brexit, the decline in the Global Index suggests that institutional investors remain reluctant to embrace market reactions,' commented Ken Froot. 'It is yet to be seen whether the stress deriving from upcoming events, such as the OPEC meeting in November and the ECB and FOMC meetings in December, will have any additional impact to the risk sentiment before year-end.'
'Looking at investor confidence regionally, the setbacks in the ICI this month were felt most strongly by Asian-based institutional investors. Trump's victory has clearly exacerbated anti-globalization jitters,' commented Jessica Donohue, executive vice president and chief innovation officer, State Street Global Exchange. 'Moreover, confidence in Europe further declined to the mid-eighties, a relatively low level, as the UK's exit from the European Union and Italian political risk remain a source of major concerns.'

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 $29 trillion in assets under custody and administration and $2 trillion* in assets under management as of September 30, 2016, 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 were $2.4 trillion as of September 30, 2016. AUM reflects approximately $40 billion (as of September 30, 2016) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.

The views expressed in this material are the views of State Street through the period ended November 29, 2016 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 29, 2016 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: 11/29/2017

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