SSgA is World's Largest Institutional Fund Manager for 7th Consecutive Year
BOSTON, MA -- 05/27/2008

State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT), announced today that it has been once again ranked No. 1 by Pensions & Investments' 2007 Money Managers Survey of leading institutional asset managers. This marks the seventh consecutive year that SSgA has topped P&I's survey.

SSgA is the top investment management firm based on total worldwide institutional assets of $1.8 trillion. The record amount of assets under management represents a 10% gain from a year earlier, highlighting SSgA's significant new business growth around the world during 2007. SSgA's total worldwide assets under management in 2007 were $2 trillion.1

Net new business for SSgA in 2007 was $116 billion with assets flowing into both beta and alpha strategies. Assets in active international equities from U.S. clients increased by 34% over the previous year; active emerging market equity assets were up 50%. State Street Global Advisors also continues to be a leader in 130/30 strategies with assets in SSgA's Edge (130/30) strategies tripling from $4 billion at year-end 2006 to $12.8 billion at year-end 2007. International indexed assets rose 12%, and international fixed income assets increased 37%.

SSgA also extended its leadership in exchange-traded funds, introducing 22 new products. The group's ETF assets under management soared 52% in 2007 to $171 billion worldwide.

"We are honored to again be recognized by Pensions & Investments as the world's largest institutional asset manager," said Scott Powers, president and chief executive officer of State Street Global Advisors. "The fact that SSgA has maintained its No. 1 ranking for seven consecutive years reflects our ability to deliver a wide range of investment solutions, bolstered by a constant flow of product innovation, that help us meet our clients' evolving needs."

1 $1,978,984

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