The State Street Global Equity Fund seeks to outperform the MSCI World ex-Australia Index over a full market cycle of approximately 5 - 7 years, with lower volatility than the benchmark. It also seeks to mitigate currency risk associated with the benchmark.

The fund invests in listed global equity securities selected from the MSCI World-ex Australia Index. The manager creates a portfolio that aims to deliver strong total returns with lower total variability of returns than the market index.

The strategy looks for high quality companies that are reasonably valued and have an improving growth outlook and positive investor sentiment. Via security selection and portfolio construction, the implemented portfolio is expected to have a lower level of absolute risk (as defined by standard deviation of returns) than the market index, and the potential to provide total returns above the market index over the long term. State Street manage currency risk using SSGA's DSH programme.