Learn more about how the T. Rowe Price Global High Income Fund is your clear path to high yield.
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T. Rowe Price Global High Income Fund
The path to global high yield is clear with T. Rowe Price
*As of 30 June 2024. Past performance is not a reliable indicator of future performance. The current yield reflects the market-weighted average of coupon divided by price per security.
A compelling macro environment
Click on the 4 reasons below to find out more
1. Yield is back
Global high yield bonds are at some of the highest yields in a decade
1 January 2012 through 30 June 2024
2. We see opportunity for compelling returns
Today's yields have rarely been observed over the last 10 years
From 30 June 2014 to 30 June 2024
3. Fundamentals are strong
60% of High Yield market rated BB.
As of 30 June 2024
4. Defaults remain low
Default rate remains well below the long-term average of 3%.
From 31 January 1986 through 30 June 2024
Why T. Rowe Price for Global High Yield?
30+ years’ experience in managing high yield portfolios
Deep fundamental credit research and capabilities
Our clients have benefited from our track record of consistently low defaults vs global market averages
239 fixed income professionals1
Integration of ESG factors in the research process2
Now is the time to lock in high yields, says T. Rowe Price
Income yields above 7% are a rare thing and present an enticing opportunity, says T. Rowe Price's Mike Della Vedova.
The views and opinions expressed in the article are those of the Investment Professional at the time of the interview and are subject to change without notice. It is not intended to be securities recommendation or statement of opinion intended to influence a person or persons in making a decision in relation to investment.
The article is used with permission from Livewire.
Why T. Rowe Price Global High Income Fund?
Global high yield education resources
The Fed’s big cut may favor high yield bonds
The Fed’s September rate cut reduced the risk of a recession. High yield bonds may benefit.
Video: Masterclass in global high yield investing (10 minutes)
Portfolio Manager Michael Della Vedova discusses with Livewire’s Hans Lee on how investors should be thinking about allocating to global high yield.
Webinar recording: 6 global high yield myths busted (30 minutes)
Drawing on his 27 years as a global high yield investor, Mike Della Vedova has discovered six common 'myths' have emerged about global high yield investing.
Mike puts these myths to the test and busts them one by one.
Article: A Clear Path to Global High Yield
Today’s yields have rarely been observed over the last ten years
All information is at 30 June 2024 unless otherwise stated.
1 Fixed income investment professionals head count consisting of 77 Credit Research Analysts, 21 Quantitative Analysts, 56 Portfolio Managers, 62 Trading and Portfolio Modeling, 17 Portfolio Specialist / Investment Specialists and 6 Business Management, as of 30 June 2024.
2ESG considerations form a part of our overall research process, helping us alongside other factors to identify investment opportunities and manage investment risk. At T. Rowe Price this is known as ESG integration. However, we may conclude that other attributes of an investment outweigh ESG considerations when making investment decisions.
Important Information
Equity Trustees Limited (“Equity Trustees”) (ABN: 46 004 031 298, AFSL: 240975) is a subsidiary of EQT Holdings Limited (ABN: 22 607 797 615), a publicly listed company on the Australian Stock Exchange (ASX:EQT). Equity Trustees and T. Rowe Price Australia Limited ("TRPAU") (ABN: 13 620 668 895, AFSL: 503741) are, respectively, the responsible entity and investment manager of the T. Rowe Price Australian Unit Trusts. Available in Australia for Australian for wholesale clients only.
A Target Market Determination for each T. Rowe Price Australian Unit Trust (or class of units in a Trust) is available here (www.eqt.com.au/insto). It describes who the financial product is likely to be appropriate for (i.e. the target market), and any conditions around how the product can be distributed to investors. It also describes the events or circumstances where Equity Trustees Limited, the responsible entity of the T. Rowe Price Australian Unit Trusts may need to review the Target Market Determination for the financial product.
Past performance is not a reliable indicator of future performance. The price of any fund may go up or down. Investment involves risk including a possible loss to the principal amount invested. For general information purposes only, does not take into account the investment objectives, financial situation or needs of any particular investor. For further details, please refer to each fund's product disclosure statement and reference guide which are available from Equity Trustees (www.eqt.com.au/insto) or TRPAU (www.troweprice.com.au).
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