On the Horizon
2025 Midyear Market Outlook
The global trading system is being reconfigured before our eyes, with profound implications for financial markets.
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A compelling opportunity: How to reframe international equity allocations
The structural advantages of U.S. markets combined with the recent outperformance of U.S. large-cap stocks and narrow market leadership have contributed to a strong U.S. bias in many investor portfolios, highlighting the need for a smartapproach to diversification.
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.
The long view: Interview with Jensen Huang, Founder and CEO of Nvidia Corporation
In this episode of “The Angle,” Nvidia Founder and CEO, Jensen Huang, talks about advancements in AI and its potential to boost economic growth.
Are U.S. Treasuries still a shelter from recession?
Five must-ask questions about private assets in DC plans
Active fixed income ETFs have the potential to outperform
Global markets weekly update
Explore what's ahead, what's most important, and how our investment teams are responding now.
Go beyond indexes with Active ETFs
Along with convenience, cost effectiveness, and tax efficiency, our ETFs offer the agility of active management to adapt to changing markets.
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Support your clients' goals with a global range of actively managed strategies.
Capital Appreciation Fund
The fund seeks long-term capital appreciation by investing primarily in common stocks. It may also hold fixed income and other securities to help preserve principal value.
Small-Mid Cap ETF
The fund seeks to provide long-term capital growth.
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Important Information
*As of March 31, 2025. 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.
Capital Appreciation Fund: The fund is subject to the inherent volatility of common stock investing. The value approach carries the risk that the market will not recognize a security's intrinsic value for a long time or that a stock judged to be undervalued may actually be appropriately priced. Because of the fund's fixed-income holdings or cash position, it may not keep pace in a rapidly rising market.
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.
The specific securities identified and described are shown for illustrative purposes only and do not necessarily represent securities purchased or sold by T. Rowe Price. This information is not intended to be a recommendation to take any particular investment action and is subject to change. No assumptions should be made that the securities identified and discussed were or will be profitable.
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