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2025 Global Market Outlook

Investing during transition

Our panel of CIOs, Investment Heads, and Chief U.S. Economist will reveal insights on key economic and investment themes set to shape markets in the coming year.

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Let's build a confident practice together. Discover investment expertise built on a foundation of active management that investors trust with $1.63 trillion across asset classes.*

2025 Global Market Outlook

Investing during transition

The world is undergoing transition at a pace and scale rarely seen before. Although this may seem daunting, we believe it will bring with it an opportunity set of a breadth and richness not seen since the aftermath of the global financial crisis. Our panel of experts reveal actionable insights on the themes shaping stock and bond markets.

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Gain an edge with our best thinking on investments, markets, and retirement.

Market shifts. Global news. Retirement trends. Our experts distill the latest movements in the financial world into actionable insights.

From the Field

Contrarian Views Highlight Overlooked Investment Opportunities in Utilities

Utilities have traditionally been seen as a low-growth, defensive play but may now offer underappreciated long-term, risk-adjusted returns.

Explore what's ahead, what's most important, and how our investment teams are responding now.
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PRWAX

All-Cap Opportunities Fund

The fund seeks to provide long-term capital growth by investing primarily in the common stocks of growth companies.

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TBUX

Ultra Short-Term Bond ETF

The fund seeks a high level of income consistent with low volatility of principal value.

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Important Information

*As of September 30, 2024. Firmwide Assets Under Management includes assets managed by T. Rowe Price Associates, Inc., and its investment advisory affliciates. 

Risk Considerations: All investments are subject to market risk, including the possible loss of principal. Fixed-income securities are subject to credit risk, liquidity risk, call risk, and interest-rate risk. As interest rates rise, bond prices generally fall. International investments can be riskier than U.S. investments. Please visit an investment's profile page for additional information on its performance, investment objective, strategies, and risks. Past performance cannot guarantee future results.

ETFs are bought and sold at market prices, not NAV. Investors generally incur the cost of the spread between the prices at which shares are bought and sold. Buying and selling shares may result in brokerage commissions, which will reduce returns.

202411-4043969

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