SSgA is a leader in index management with over € 629 billion invested in index strategies. SSgA France provides a wide array of vehicles and strategies in this realm, through UCITS funds or segregated accounts. We have established a reputation for being flexible and solution orientated in meeting client requirements. The index range of funds includes all the UCITS III funds managed by SSgA France that implement index management strategies, a series covering all the developed equity markets through a geographical or a sector approach and benchmarked on the Morgan Stanley Capital International (MSCI, net dividends reinvested) indices as well as a range of fixed income funds covering multiple investment universe and credit quality The streetTRACKS range includes 13 Exchange Traded Funds (ETF) that track the performances of the main geographical and sectorial European Morgan Stanley Capital International indexes and the Dutch index AEX.

SSgA manages over € 34 billion in active equities using our risk controlled, disciplined and structured investment process to target 2-4% outperformance with 3%-6% risk. Our active strategies effectively process large quantities of information to provide a core unbiased portfolio. We have a dedicated team of professionals located in our investment offices around the world, notably in Paris, and offer active quantitative management on both a segregated basis and through our pooled funds. With regard to portfolio management and construction process, SSgA uses economic, financial and statistical databases and models to select countries, sectors as well as securities and set their weight within the portfolio. SSgA France proposes a full range of mutual funds implementing active strategies (stock picking, sector and geographical allocation) covering the whole equities investment universes: emerging and developed markets, large, mid and small caps. The brand-new “130 30” strategy -named Edge- includes a limited Short Position andd targets a slightly higher annual outperformance and budget risk.

SSgA manages over € 29 billion in enhanced equity strategies, harnessing our strengths and expertise in low cost trading, risk control and portfolio construction, gained through our indexing heritage, to build a specialist enhanced product. We have a long and successful track record in achieving consistent added value, and offer a range of enhanced equity funds covering the global regions. These strategies are designed to outperform the index by 0.5% to 1.0% while minimising risk. SSgA France manages an FCP (SSgA Umbrella Enhanced) covering the whole MSCI World universe through 3 regional funds.

SSgA is uniquely qualified to deliver Socially Responsible Investment strategies to institutions around the world. SSgA is one of the largest managers of SRI in the world with approximately € 82 billion (as of June 2008) in socially screened assets. For clients seeking active, enhanced or passive management in virtually any of the global capital market, SSgA offers negative screens, positive screens, shareholder advocacy and Best in class. Through our alliance with Innovest Strategic Value Advisors and Governance Metrics International (GMI), we have the ability to apply environmental, social and governance (ESG) perspectives to most of the available global indicies and asset classes. SSgA opened its first socially screened portfolio in 1986.

SSgA is one of the largest managers in asset allocation in the world, with approximately € 64 billion of assets as of 2008, and this is a core business for us. Accordingly, our Global Asset Allocation group has the appropriate resources to grow our business and manage mandates for new clients. This group is spread across nine investment centers and receives critical support from SSgA’s Advanced Research Center and 24-hour Global Trading Desk.

SSgA is one of the largest global cash managers, with over € 583 billion in fixed income assets across the globe. Fixed Income mandates include active and passive Government and corporate bond strategies in developed and emerging markets. SSgA France manages this asset class through segregated accounts or pooled funds for Continental Europe and has notably expanded its capability in euro-enhanced management strategy.

SSgA is one of the leading currency managers in the world. We manage over € 29 billion in both passive and active currency overlay strategies. Our currency managers aim to consistently outperform their benchmarks using a unique combination of fundamental and technical factors.

State Street is widely recognised as a world leader in transition management and has a global team of specialists in this field. We have been providing transition services for over 15 years and have substantial experience in managing many different types of transitions. The global pool of assets managed by SSgA provides huge depth of crossing opportunity. This large asset base, coupled with our experience in both the management and trading of transitions translates into significant cost savings for our clients.

SSgA Global Alliance was established in 1997. The mission of Global Alliance is to develop new and diverse investment businesses worldwide, which complement SSgA’s investment offerings, utilising the management of SSgA, while maintaining an entrepreneurial environment. SSgA Global Alliance companies provide a range of investment opportunities including advanced, non-linear quantitative equity strategies, Asian private equity, performance analysis of environmental, social and strategic governance issues, access to the Russian market, Emerging Markets, Real Estate and Hedge Funds.