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2024 Global Market Outlook

Tectonic Shifts Create New Opportunities

The global economy has experienced major shifts in the past few years, and investors will need to keep pace with ongoing change. Economic indicators are distorted, and fixed income markets are vastly different. Equity markets have become highly concentrated but may offer new opportunities for investors willing to taking a broader view. Attentive investors can find reasons for caution, but optimism heading into 2024.

Three Themes to Watch in 2024

Economics

Navigating Macroeconomic Fog

Key global economies—the U.S. economy in particular—have demonstrated surprising resilience to higher interest rates. But headwinds are likely to mount in 2024.

Fixed Income

Rethinking Fixed Income

We  think the Fed will be slower to cut rates in 2024 than markets seem to expect. High yield and shorter‑term investment‑grade corporate bonds could offer opportunities.

Equity

Broadening Equity Horizons

Equity investors will need to cast wider nets in 2024. We see opportunities in Japan, emerging markets, health care, and artificial intelligence. 

2024 Asia ex-Japan Market Outlook

We see compelling stock valuations and fundamentals in various parts of Asia ex-Japan as we enter 2024.

2024 China Market Outlook

The current downturn is an opportunity to consider some great Chinese businesses at attractive prices.

Investment Solutions

T. Rowe Price Funds SICAV

China Evolution Equity Fund

Actively managed and invests mainly in a diversified portfolio of shares of Chinese companies and may have significant exposure to smaller capitalisation companies.

T. Rowe Price Funds SICAV

US Large Cap Growth Equity Fund

Actively managed and invests mainly in a diversified portfolio of shares from large capitalisation companies in the United States that have the potential for above-average and sustainable rates of earnings growth.

T. Rowe Price Funds SICAV

Global Technology Equity Fund

Actively managed and invests mainly in a diversified portfolio of shares of technology development or utilisation companies, with a focus on leading global technology companies. The companies may be anywhere in the world, including emerging markets.

T. Rowe Price Funds SICAV

Asia Credit Bond Fund

Actively managed and invests mainly in a diversified portfolio of transferable U.S. dollar denominated fixed income securities of issuers domiciled, in Asian countries including emerging markets, excluding Japan.

T. Rowe Price Funds SICAV

Diversified Income Bond Fund

Actively managed and invests mainly in a diversified portfolio of debt securities of all types from issuers around the world, including emerging markets.

T. Rowe Price Funds SICAV

All Funds

 

 

 

 

 

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Information and opinions presented have been obtained or derived from sources believed to be reliable and current; however, we cannot guarantee the sources' accuracy or completeness. There is no guarantee that any forecasts made will come to pass. The views contained herein are as of the date written and are subject to change without notice; these views may differ from those of other T. Rowe Price group companies and/or associates. Under no circumstances should the material, in whole or in part, be copied or redistributed without consent from T. Rowe Price.

Investment involves risks. Investors should refer to the offering documents for full details including the objectives, investment policies and risks factors.

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