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          State Street Global Advisors

          From Sectors and Smart Beta to Fixed Income, SPDR Exchange Traded Funds (ETFs) give you wide access to diverse investment opportunities. Find out more.

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          Global Market Outlook 2025 Finding the Right Path

          Lori Heinel, Global Chief Investment Officer, shares our views on the key trends and developments that will shape the global market landscape in 2025.

          Outlooks and Themes

          1 Macroeconomic Outlook

          Evolving Narrative of Resilience

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          2 Geopolitical Outlook

          Slow-Moving Fragmentation Continues

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          3 Equity Outlook

          US Equities Lead; Opportunities Elsewhere

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          4 Fixed Income Outlook

          Favorable Environment for Sovereigns

          Read More

          5 Portfolio Outlook

          Look Beyond 60/40 Portfolio

          Read More

          6 Thematic Investing

          Gulf Cooperation Council in Focus

          Explore

          7 Thematic Investing

          Exploring Transformative Technologies

          Explore

          Implement With Ease

          Investment Ideas in Action

          Apply
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          Download Global Market Outlook 2025

          Our Global Market Outlook 2025 report offers a comprehensive guide to navigating the most pressing investment topics for 2025.

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          Our Expert Panel

          Bio Image of Lori M. Heinel

          Lori M. Heinel, CFA

          Executive Vice President, Global Chief Investment Officer

          Read Bio
          Bio Image of Altaf Kassam

          Altaf Kassam, CFA

          Europe Head of Investment Strategy & Research

          Read Bio
          Bio Image of Dane Smith

          Dane Smith

          Head of North American Investment Strategy & Research

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          Bio Image of Desmond Lawrence

          Desmond Lawrence

          Senior Investment Strategist

          Read Bio
          Bio Image of Elliot Hentov

          Elliot Hentov, Ph.D.

          Head of Macro Policy Research

          Read Bio
          Bio Image of Jennifer Bender

          Jennifer Bender, Ph.D.

          Global Chief Investment Strategist

          Read Bio
          Bio Image of Kamal Gupta

          Kamal Gupta, CFA, FRM

          Investment Strategist

          Read Bio
          Bio Image of Karine Kheirallah

          Karine Kheirallah

          Managing Director, Head of Investment Strategy & Research - MEA

          Read Bio
          Bio Image of Matthew J Bartolini

          Matthew J Bartolini, CFA, CAIA

          Head of SPDR Americas Research

          Read Bio
          Bio Image of Simona M Mocuta

          Simona M Mocuta

          Chief Economist

          Read Bio

          Related to Our Global Market Outlook

          View All Market Outlook Insights
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          MARKETING COMMUNICATION

                                             

          FOR PROFESSIONAL INVESTORS USE ONLY.

           

          SSGA SPDR ETFS MAY NOT BE AVAILABLE OR SUITABLE FOR ALL. SPDR ETFs may be offered and sold only in those jurisdictions where authorised, in compliance with applicable regulations.

           

          Investing involves risk including the risk of loss of principal.

           

          ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

           

          The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its affiliates (“S&P DJI”) and have been licensed for use by State Street Global Advisors.  S&P®, SPDR®, S&P 500®,US 500 and the 500 are trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones Indices; and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by State Street Global Advisors. The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of these indices.

           

          The information provided does not constitute investment advice as such term is defined under the Markets in Financial Instruments Directive (2014/65/EU) or applicable Swiss regulation and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell any investment. It does not take into account any investor's or potential investor’s particular investment objectives, strategies, tax status, risk appetite or investment horizon. If you require investment advice you should consult your tax and financial or other professional advisor.

           

          The information contained in this communication is not a research recommendation or ‘investment research’ and is classified as a ‘Marketing Communication’ in accordance with the Markets in Financial Instruments Directive (2014/65/EU) or applicable Swiss regulation. This means that this marketing communication (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research (b) is not subject to any prohibition on dealing ahead of the dissemination of investment research.

           

          All information is from SSGA unless otherwise noted and has been obtained from sources believed to be reliable, but its accuracy is not guaranteed.  There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.

           

          This content has been issued by State Street Global Advisors Europe Limited is regulated by the Central Bank of Ireland. Registered office address 78 Sir John Rogerson’s Quay, Dublin 2. Registered Number: 49934. T: +353 (0)1 776 3000. F: +353 (0)1 776 3300.

           

          FOR EUROPEAN SPDR ETFs and MANAGED FUNDS:

           

          Please refer to the Fund’s latest Key Information Document (KID) and Prospectus before making any final investment decision. The latest English version of the prospectus and the KID can be found at www.ssga.com/ch/en_gb/institutional/ic/fund-finder. A summary of investor rights can be found here:

           

          Managed Funds: https://www.ssga.com/library-content/products/fund-docs/summary-of-investor-rights/ssga-investors-rights-summary-non-etf-ireland.pdf

           

          SPDR ETFs: https://www.ssga.com/library-content/products/fund-docs/summary-of-investor-rights/ssga-spdr-investors-rights-summary.pdf

           

          Note that the Management Company may decide to terminate the arrangements made for marketing and proceed with de-notification in compliance with Article 93a of Directive 2009/65/EC.

           

          SPDR ETFs is the exchange traded funds ("ETF") platform of State Street Global Advisors and is comprised of funds that have been authorised by Central Bank of Ireland as open-ended UCITS investment companies.

           

          SSGA SPDR ETFs Europe I & SPDR ETFs Europe II plc issue SPDR ETFs, and is an open-ended investment company with variable capital having segregated liability between its sub-funds. The Company is organized as an Undertaking for Collective Investments in Transferable Securities (UCITS) under the laws of Ireland and authorized as a UCITS by the Central Bank of Ireland.

           

          FOR STRATEGIES:

           

          This document provides summary information regarding the Strategy. This document should be read in conjunction with the Strategy's Disclosure Document, which is available from SSGA. The Strategy Disclosure Document contains important information about the Strategy, including a description of a number of risks.

           

          The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA’s express written consent.

          4978691.4.1.EMEA.INST

          Exp: 30.06.2025 

          © [[]] %%State Street Corporation%%. All rights reserved.
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