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This Quarter (Q1 2025) Hide

January 2025 / INVESTMENT INSIGHTS

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Our experts share perspective on market themes and regional trends, plus insights...

January 2025 / From the Field

Ahead of the Curve: Consensus is totally consensus—a contrarian’s strat...

Ahead of the Curve: Consensus is totally consensus—a contrarian’s strategic...

Ahead of the Curve: Consensus is totally...

Discover contrarian strategies that active fixed income managers can apply.

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

Previous Quarter (Q4 2024) Hide

December 2024 / From the Field

The calm before the storm — The outlook for Treasury yields

Ahead of the Curve: The calm before the storm: The outlook for Treasury...

Ahead of the Curve: The calm before the storm:...

Expect higher Treasury yields as fiscal policies evolve.

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

October 2024 / INVESTMENT INSIGHTS

Could a 5% 10-year Treasury yield be around the corner?

Could a 5% 10-year Treasury yield be around the corner?

Could a 5% 10-year Treasury yield be around...

Higher Treasury yields expected due to fiscal spending and Fed quantitative tightening.

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

Q3 2024  Show

July 2024 / INVESTMENT INSIGHTS

Ahead of the Curve - “Shadow banking system” creates a trickier path...

Ahead of the Curve - “Shadow banking system” creates a trickier path for...

Ahead of the Curve - “Shadow banking system”...

Rise in nonbank lending drives banks to shift risk exposure

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

July 2024 / INVESTMENT INSIGHTS

Active investing is suited to the uncertain markets ahead

Active investing is suited to the uncertain markets ahead

Active investing is suited to the uncertain...

Changing market conditions will provide new risks and opportunities.

By Robert W. Sharps

Robert W. Sharps CEO and President

Q2 2024  Show

June 2024 / INVESTMENT INSIGHTS

China’s economy enters a new cycle—unveiling fresh opportunities

China’s economy enters a new cycle—unveiling fresh opportunities

China’s economy enters a new cycle—unveiling...

China’s economy has undergone a deep structural adjustment.

By Wenli Zheng

Wenli Zheng Portfolio Manager, China Evolution Equity Strategy

May 2024 / INVESTMENT INSIGHTS

Ahead of the Curve - Three Fed scenarios, same result: higher yields,...

Ahead of the Curve - Three Fed scenarios, same result: higher yields, steeper...

Ahead of the Curve - Three Fed scenarios,...

Ignore the noise. Very little has actually changed.

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

May 2024 / INVESTMENT INSIGHTS

What factors are driving U.S. exceptionalism, and will they last?

What factors are driving U.S. exceptionalism, and will they last?

What factors are driving U.S. exceptionalism,...

U.S. economic growth has outperformed other developed markets, and inflation has...

By Blerina Uruçi

Blerina Uruçi Chief U.S. Economist

May 2024 / INVESTMENT INSIGHTS

Let’s get real (about interest rates)

Let’s get real (about interest rates)

Let’s get real (about interest rates)

Higher real rates in the coming years might favor value stocks

By Sébastien Page

Sébastien Page Head of Global Multi-Asset and CIO

May 2024 / INVESTMENT INSIGHTS

How do U.S. elections affect stock market performance?

How do U.S. elections affect stock market performance?

How do U.S. elections affect stock market...

It’s the economy that matters for U.S. presidential elections and stocks.

By Thomas Poullaouec & Nathan Wang

By Thomas Poullaouec & Nathan Wang

April 2024 / VIDEO

Navigating the AI cycle

Navigating the AI cycle

Navigating the AI cycle

After meeting with more than 50 technology companies across the US, Asia and Europe,...

By Dominic Rizzo

Dominic Rizzo Portfolio Manager

April 2024 / INVESTMENT INSIGHTS

Adding emerging market debt exposure? Look to local bonds.

Adding emerging market debt exposure? Look to local bonds.

Adding emerging market debt exposure? Look...

Five reasons to add emerging market debt to a bond portfolio

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

April 2024 / INVESTMENT INSIGHTS

With rising headwinds, uncover the power of quality credit research

With rising headwinds, uncover the power of quality credit research

With rising headwinds, uncover the power...

Corporate bonds offer attractive income, but security selection is imperative amid...

By Justin Gerbereux

Justin Gerbereux Head of Global Fixed Income Research

Q1 2024  Show

March 2024 / INVESTMENT INSIGHTS

Current market inflation expectations are ridiculous

Current market inflation expectations are ridiculous

Current market inflation expectations are...

I think core inflation will reaccelerate after falling to around 2%.

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

March 2024 / INVESTMENT INSIGHTS

China’s National People’s Congress: Key points

China’s National People’s Congress: Key points

China’s National People’s Congress: Key points

NPC announcements in line with expectations.

By Robert Secker

Robert Secker Portfolio Specialist, Equity Investment Specialists

February 2024 / INVESTMENT INSIGHTS

Central bank rate-cut pricing is eye-catching but deceiving

Central bank rate-cut pricing is eye-catching but deceiving

Central bank rate-cut pricing is eye-catching...

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

February 2024 / VIDEO

The Fed Has Pivoted. What’s Next?

The Fed Has Pivoted. What’s Next?

The Fed Has Pivoted. What’s Next?

With cooling expectations, investors wonder when and how far U.S. rates will fall...

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

January 2024 / INVESTMENT INSIGHTS

Putting cash to work in 2024

Putting cash to work in 2024

Putting cash to work in 2024

We explore three possible scenarios as U.S. interest rates peak

By Christina Noonan, Som Priestley & Douglas Spratley

By Christina Noonan, Som Priestley & Douglas Spratley

January 2024 / INVESTMENT INSIGHTS

Attractive yields but narrow spreads: The credit dilemma

Attractive yields but narrow spreads: The credit dilemma

Attractive yields but narrow spreads: The...

By Arif Husain

Arif Husain Head of International Fixed Income and Chief Investment Officer, Fixed Income

Q4   Show

November 2023 / INVESTMENT INSIGHTS

Avoiding false signals in wait for peak U.S. Treasury yields

Avoiding false signals in wait for peak U.S. Treasury yields

Avoiding false signals in wait for peak U.S....

A framework can be useful for evaluating whether U.S. Treasury yields have peaked

By Arif Husain

Arif Husain Head of International Fixed Income and Chief Investment Officer, Fixed Income

November 2023 / VIDEO

Implications for Bonds in Energy Cycle Transitions

Implications for Bonds in Energy Cycle Transitions

Implications for Bonds in Energy Cycle Transitions

Our credit analysts collaborate to help obtain a fuller picture of the credit environment...

By Justin Gerbereux, Elliot Shue & Mike Hyland

By Justin Gerbereux, Elliot Shue & Mike Hyland

October 2023 / INVESTMENT INSIGHTS

Government Bond Issuance Boom to Pressure Yields Higher

Government Bond Issuance Boom to Pressure Yields Higher

Government Bond Issuance Boom to Pressure...

A flood of new global sovereign debt will affect market dynamics.

By Arif Husain

Arif Husain Head of International Fixed Income and Chief Investment Officer, Fixed Income

September 2023 / INVESTMENT INSIGHTS

Using Artificial Intelligence to Enhance Our Investment Processes

Using Artificial Intelligence to Enhance Our Investment Processes

Using Artificial Intelligence to Enhance...

Driving deliberate innovation with artificial intelligence tools to boost human decision-m...

By Robert W. Sharps

Robert W. Sharps Chief Executive Officer and President

September 2023 / INVESTMENT INSIGHTS

The Fairy Tale of a Soft Landing

The Fairy Tale of a Soft Landing

The Fairy Tale of a Soft Landing

The consensus view shift toward a mild downturn looks misplaced.

By Arif Husain

Arif Husain Head of International Fixed Income and Chief Investment Officer, Fixed Income

August 2023 / VIDEO

A new era of Gulf aid: potential winners and losers

A new era of Gulf aid: potential winners and losers

A new era of Gulf aid: potential winners...

A new era of Gulf aid could emerge—which countries could potentially benefit, and...

By Razan Nasser

Razan Nasser Sovereign Research Analyst, Fixed Income

August 2023 / INVESTMENT INSIGHTS

A New Fixed Income Regime—Three Active Portfolio Responses

A New Fixed Income Regime—Three Active Portfolio Responses

A New Fixed Income Regime—Three Active Portfolio...

What to expect as monetary policy tightening moves closer to ending.

By Scott Solomon

Scott Solomon Co‑portfolio Manager, Dynamic Global Bond Strategy

August 2023 / INVESTMENT INSIGHTS

The Four U.S. Treasury Yield Phases of a Fed Tightening Cycle

The Four U.S. Treasury Yield Phases of a Fed Tightening Cycle

The Four U.S. Treasury Yield Phases of a...

Portfolio managers collaborate to help shape duration positioning.

By Arif Husain

Arif Husain Head of International Fixed Income and Chief Investment Officer, Fixed Income

July 2023 / INVESTMENT INSIGHTS

From Crisis to Confidence: Spanish Banks Ready to Shine

From Crisis to Confidence: Spanish Banks Ready to Shine

From Crisis to Confidence: Spanish Banks...

Lessons from the Global Financial Crisis have left a stronger banking sector in Europe,...

By Rob Thomas

Rob Thomas Global Credit Analyst

March 2023 / MULTI-ASSET

Capital Market Assumptions

Capital Market Assumptions

Capital Market Assumptions

In-depth analysis and insights to inform your decision-making.

By T. Rowe Price

T. Rowe Price

December 2022 / INVESTMENT INSIGHTS

2023 Global Market Outlook

2023 Global Market Outlook

2023 Global Market Outlook

The Need for Agility

By Andrew McCormick, Sébastien Page & Justin Thomson

By Andrew McCormick, Sébastien Page & Justin Thomson

December 2022 / INVESTMENT INSIGHTS

The Outlook for Japan Remains Finely Poised

The Outlook for Japan Remains Finely Poised

The Outlook for Japan Remains Finely Poised

Divergent policy, relative to other major markets, has broad implications.

By Archibald Ciganer

Archibald Ciganer Portfolio Manager, T. Rowe Price Japanese Equity Strategy

December 2022 / INVESTMENT INSIGHTS

China Market Outlook 2023

China Market Outlook 2023

China Market Outlook 2023

“What should be” versus “What is likely to happen”

By Wenli Zheng

Wenli Zheng Portfolio Manager, China Evolution Equity Strategy

December 2022 / INVESTMENT INSIGHTS

Asian ex-Japan 2023 Market Outlook

Asian ex-Japan 2023 Market Outlook

Asian ex-Japan 2023 Market Outlook

Patiently Building Long-Term Positions

By Anh Lu

Anh Lu Portfolio Manager, Asia ex-Japan Equity Strategy

September 2022 / INVESTMENT INSIGHTS

Semiconductor Subsidies Signal Shift in U.S. Industrial Policy

Semiconductor Subsidies Signal Shift in U.S. Industrial Policy

Semiconductor Subsidies Signal Shift in U.S....

Focus on shoring up key supply chains likely has legs.

By Michael Pinkerton

Michael Pinkerton Washington Associate Analyst, U.S. Equity Division

September 2022 / INVESTMENT INSIGHTS

The Regime Change in Markets Demands Fresh Ideas

The Regime Change in Markets Demands Fresh Ideas

The Regime Change in Markets Demands Fresh...

Alpha potential is still available for those who adapt to the new paradigm.

By Justin Thomson

Justin Thomson Chief Investment Officer, International Equity

August 2022 / INVESTMENT INSIGHTS

Global Asset Allocation Viewpoints and Investment Environment

Global Asset Allocation Viewpoints and Investment Environment

Global Asset Allocation Viewpoints and Investment...

The report highlights the current views of the T. Rowe Price Asset Allocation Committee...

By Thomas Poullaouec, Wenting Shen & Hajime Takigawa

By Thomas Poullaouec, Wenting Shen & Hajime Takigawa

August 2022 / INVESTMENT INSIGHTS

China Property: The Endgame

China Property: The Endgame

China Property: The Endgame

Policymakers could aim to stabilize rather than reflate the sector.

By Sheldon Chan, Leonard Kwan & Anna Zhang

By Sheldon Chan, Leonard Kwan & Anna Zhang

August 2022 / INVESTMENT INSIGHTS

High Yield Bonds Appear Well Positioned for a Recession

High Yield Bonds Appear Well Positioned for a Recession

High Yield Bonds Appear Well Positioned for...

The sector is in better health than prior to previous downturns.

By Michael Della Vedova & Stephen Marsh

By Michael Della Vedova & Stephen Marsh

July 2022 / INVESTMENT INSIGHTS

Global Asset Allocation Viewpoints and Investment Environment

Global Asset Allocation Viewpoints and Investment Environment

Global Asset Allocation Viewpoints and Investment...

The report highlights the current views of the T. Rowe Price Asset Allocation Committee...

By Thomas Poullaouec, Wenting Shen & Hajime Takigawa

By Thomas Poullaouec, Wenting Shen & Hajime Takigawa

July 2022 / INVESTMENT INSIGHTS

Economic Headwinds Are Proving Stronger Than Expected

Economic Headwinds Are Proving Stronger Than Expected

Economic Headwinds Are Proving Stronger Than Expec...

The challenges facing the global economy will not abate soon.

By Nikolaj Schmidt

Nikolaj Schmidt Chief Global Economist

July 2022 / INVESTMENT INSIGHTS

Value Has Returned to High Yield

Value Has Returned to High Yield

Value Has Returned to High Yield

Fundamentals are strong, and spreads are attractive.

By Stephen Marsh & Michael Della Vedova

By Stephen Marsh & Michael Della Vedova

July 2022 / INVESTMENT INSIGHTS

Reports of the Death of EM Debt Are Exaggerated

Reports of the Death of EM Debt Are Exaggerated

Reports of the Death of EM Debt Are Exaggerated

Spreads are attractive compared with other asset classes.

By Samy Muaddi & Benjamin Robins

By Samy Muaddi & Benjamin Robins

June 2022 / INVESTMENT INSIGHTS

Russia’s Invasion of Ukraine Prompts U.S. Energy Policy Shift

Russia’s Invasion of Ukraine Prompts U.S. Energy Policy Shift

Russia’s Invasion of Ukraine Prompts U.S....

The U.S. natural gas industry may enjoy some emerging policy tailwinds.

By Michael Pinkerton

Michael Pinkerton Associate Analyst

July 2022 / INVESTMENT INSIGHTS

Recession Signals Flashing Yellow

Recession Signals Flashing Yellow

Recession Signals Flashing Yellow

Global economies are weighed down by notable headwinds.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

June 2022 / INVESTMENT INSIGHTS

Global Asset Allocation Viewpoints and Investment Environment

Global Asset Allocation Viewpoints and Investment Environment

Global Asset Allocation Viewpoints and Investment...

The report highlights the current views of the T. Rowe Price Asset Allocation Committee...

By Thomas Poullaouec, Wenting Shen & Hajime Takigawa

By Thomas Poullaouec, Wenting Shen & Hajime Takigawa

June 2022 / MIDYEAR MARKET OUTLOOK

2022 Midyear Market Outlook

2022 Midyear Market Outlook

2022 Midyear Market Outlook

Transitioning to a New Paradigm

By Arif Husain, Justin Thomson & Sébastien Page

By Arif Husain, Justin Thomson & Sébastien Page

June 2022 / INVESTMENT INSIGHTS

Are the Clouds Set to Clear for Chinese Equities?

Are the Clouds Set to Clear for Chinese Equities?

Are the Clouds Set to Clear for Chinese Equities?

Embracing uncertainty and inefficiencies to focus on future drivers of growth.

By Wenli Zheng

Wenli Zheng Portfolio Manager, China Evolution Equity Strategy

June 2022 / VIDEO

A Labor Demand and Supply Imbalance Challenges the Fed

A Labor Demand and Supply Imbalance Challenges the Fed

A Labor Demand and Supply Imbalance Challenges...

Labor demand has considerably outpaced supply, but the job market tightness can ease...

By Blerina Uruçi

Blerina Uruçi Chief U.S. Economist

June 2022 / INVESTMENT INSIGHTS

The Road to Net Zero

The Road to Net Zero

The Road to Net Zero

How the world is moving forward on emissions reduction.

By Maria Elena Drew

Maria Elena Drew Director of Research for Responsible Investing

June 2022 / VIDEO

What lies ahead for emerging markets?

What lies ahead for emerging markets?

What lies ahead for emerging markets?

Chris Kushlis, Chief of China and Emerging Markets Macro Strategy

By Christopher J. Kushlis

Christopher J. Kushlis Chief of China and Emerging Markets Macro Strategy

May 2022 / VIDEO

Big Pharma: Navigating a Golden Age of Innovation

Big Pharma: Navigating a Golden Age of Innovation

Big Pharma: Navigating a Golden Age of Innovation

Investors should focus on trends in the duration and diversity of a large-cap biopharma...

By Jeffrey Holford

Jeffrey Holford Pharmaceuticals Analyst, U.S. Equity Division

May 2022 / INVESTMENT INSIGHTS

Global Asset Allocation Viewpoints and Investment Environment

Global Asset Allocation Viewpoints and Investment Environment

Global Asset Allocation Viewpoints and Investment...

The report highlights the current views of the T. Rowe Price Asset Allocation Committee...

By Thomas Poullaouec, Wenting Shen & Hajime Takigawa

By Thomas Poullaouec, Wenting Shen & Hajime Takigawa

May 2022 / INVESTMENT INSIGHTS

Economic Risks Are Rising

Economic Risks Are Rising

Economic Risks Are Rising

High inflation and economic weakness could stifle global economy.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist, Multi.Asset Division

May 2022 / INVESTMENT INSIGHTS

The Russia-Ukraine War Will Bring Europe to the Brink of Recession

The Russia-Ukraine War Will Bring Europe to the Brink of Recession

The Russia-Ukraine War Will Bring Europe...

Mitigating factors may still prevent it, however.

By Tomasz Wieladek

Tomasz Wieladek International Economist

May 2022 / INVESTMENT INSIGHTS

No, We Are Not About to Return to 1970s-Style Inflation

No, We Are Not About to Return to 1970s-Style Inflation

No, We Are Not About to Return to 1970s-Style...

Today’s central banks are willing and able to tackle the problem.

By Nikolaj Schmidt

Nikolaj Schmidt Chief International Economist

April 2022 / INVESTMENT INSIGHTS

Global Asset Allocation Viewpoints and Investment Environment

Global Asset Allocation Viewpoints and Investment Environment

Global Asset Allocation Viewpoints and Investment...

The report highlights the current views of the T. Rowe Price Asset Allocation Committee...

By Thomas Poullaouec, Wenting Shen & Hajime Takigawa

By Thomas Poullaouec, Wenting Shen & Hajime Takigawa

April 2022 / INVESTMENT INSIGHTS

Three Harbingers Point to a U.S. Recession

Three Harbingers Point to a U.S. Recession

Three Harbingers Point to a U.S. Recession

History suggests it may not be imminent, however.

By Multiple Authors

By Multiple Authors

April 2022 / MARKETS & ECONOMY

Volatility Spikes May Not Be Good Sell Signals

Volatility Spikes May Not Be Good Sell Signals

Volatility Spikes May Not Be Good Sell Signals

Better for investors to stay calm in times of market turbulence.

By Nathan Wang & Thomas Poullaouec

By Nathan Wang & Thomas Poullaouec

April 2022 / INVESTMENT INSIGHTS

Asset Allocation in the Era of High Inflation

Asset Allocation in the Era of High Inflation

Asset Allocation in the Era of High Inflation

Responding to changing growth and inflation dynamics.

By Wenting Shen

Wenting Shen Portfolio Manager, Global Multi‑Asset Team

April 2022 / INVESTMENT INSIGHTS

A Closer Look at Inflation and the “Value Rally”

A Closer Look at Inflation and the “Value Rally”

A Closer Look at Inflation and the “Value...

Discovering new ideas that deliver value

By David J. Eiswert

David J. Eiswert Portfolio Manager

April 2022 / INVESTMENT INSIGHTS

U.S. Fiscal Stimulus Takeaways for Investors

U.S. Fiscal Stimulus Takeaways for Investors

U.S. Fiscal Stimulus Takeaways for Investors...

Timing, scale, and targets of new spending are key considerations.

By Katie Elizabeth Deal

Katie Elizabeth Deal Washington Analyst U.S. Equity Division

April 2022 / INVESTMENT INSIGHTS

Parallels to the 1973 Market Shocks May Be Imprecise

Parallels to the 1973 Market Shocks May Be Imprecise

Parallels to the 1973 Market Shocks May Be...

Recession in U.S. appears unlikely amid reopening economy.

By Sébastien Page & Cesare Buiatti

By Sébastien Page & Cesare Buiatti

April 2022 / INVESTMENT INSIGHTS

Why It’s Not Yet Time to Add Credit Risk

Why It’s Not Yet Time to Add Credit Risk

Why It’s Not Yet Time to Add Credit Risk

Despite cheaper valuations, a rally does not seem imminent.

By Kenneth A. Orchard

Kenneth A. Orchard Portfolio Manager

April 2022 / MULTI-ASSET STRATEGY

Most Central Banks Have No Choice But to Remain Hawkish

Most Central Banks Have No Choice But to Remain Hawkish

Most Central Banks Have No Choice But to...

Few have the scope to loosen policy if economic conditions worsen.

By Nikolaj Schmidt

Nikolaj Schmidt Chief International Economist

April 2022 / INVESTMENT INSIGHTS

Investing Globally May Boost Yields as Rates Rise

Investing Globally May Boost Yields as Rates Rise

Investing Globally May Boost Yields as Rates...

Home bias could mean key opportunities are missed.

By Michael Walsh

Michael Walsh Multi‑Asset Solutions Strategist

March 2022 / INVESTMENT INSIGHTS

Long-Dated Credit Can Boost Returns in a Tightening Environment

Long-Dated Credit Can Boost Returns in a Tightening Environment

Long-Dated Credit Can Boost Returns in a...

Shorter-dated bonds are typically hit harder by rising inflation and low growth.

By Kenneth A. Orchard & Onur Uncu

By Kenneth A. Orchard & Onur Uncu

March 2022 / INVESTMENT INSIGHTS

Global Asset Allocation Viewpoints and Investment Environment

Global Asset Allocation Viewpoints and Investment Environment

Global Asset Allocation Viewpoints and Investment...

The report highlights the current views of the T. Rowe Price Asset Allocation Committee...

By Thomas Poullaouec, Wenting Shen & Hajime Takigawa

By Thomas Poullaouec, Wenting Shen & Hajime Takigawa

March 2022 / INVESTMENT INSIGHTS

Panorama

Panorama

Panorama

Quarterly Thought Leadership Publication

March 2022 / ECONOMICS

The Fed Embarks on a Hiking Campaign to Counter Inflation

The Fed Embarks on a Hiking Campaign to Counter Inflation

The Fed Embarks on a Hiking Campaign to Counter...

High commodity prices, geopolitical risks complicate the Fed’s path

By Blerina Uruçi

Blerina Uruçi Chief U.S. Economist

March 2022 / INVESTMENT INSIGHTS

Long-Dated Credit Can Boost Returns in a Tightening Environment

Long-Dated Credit Can Boost Returns in a Tightening Environment

Long-Dated Credit Can Boost Returns in a...

Shorter-dated bonds are typically hit harder by rising inflation and low growth.

By Kenneth A. Orchard & Onur Uncu

By Kenneth A. Orchard & Onur Uncu

15 March 2022 / VIDEO

How We Are Positioned Against Heightened Market Risk

How We Are Positioned Against Heightened Market Risk

How We Are Positioned Against Heightened...

How We’re Positioned Against Heightened Market Risks

By Sébastien Page

Sébastien Page Head of Global Multi-Asset and CIO

March 2022 / INVESTMENT INSIGHTS

Assessing the ESG Implications of Russia’s Invasion of Ukraine

Assessing the ESG Implications of Russia’s Invasion of Ukraine

Assessing the ESG Implications of Russia’s...

Pressure to reduce dependence on Russian gas could expedite Europe’s energy transition

By Maria Elena Drew

Maria Elena Drew Director of Research, Responsible Investing

March 2022 / MULTI-ASSET STRATEGY

Growth Likely to Remain Under Pressure

Growth Likely to Remain Under Pressure

Growth Likely to Remain Under Pressure

Growing economic uncertainty could mean a bumpy road ahead.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

March 2022 / GLOBAL EQUITIES

Positioning for the Future in Global Equities

Positioning for the Future in Global Equities

Positioning for the Future in Global Equities

How our investment framework is adapting to the challenge of change.

By David J. Eiswert

David J. Eiswert Portfolio Manager

March 2022 / INVESTMENT INSIGHTS

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Our experts share perspective on market themes and regional trends, plus insights...

March 2022 / MARKETS & ECONOMY

Reports of a Looming Recession May Be Exaggerated

Reports of a Looming Recession May Be Exaggerated

Reports of a Looming Recession May Be Exaggerated

The global economy is probably more resilient than you think.

By Nikolaj Schmidt

Nikolaj Schmidt Chief Global Economist

March 2022 / EMERGING MARKETS

Implications of the Removal of Russia From MSCI Indices

Implications of the Removal of Russia From MSCI Indices

Implications of the Removal of Russia From...

Russian shares to be removed from MSCI indices due to market accessibility issues.

March 2022 / EMERGING MARKETS

Key Developments to Watch in the Russia-Ukraine Crisis

Key Developments to Watch in the Russia-Ukraine Crisis

Key Developments to Watch in the Russia-Ukraine...

The impact of sanctions and rising commodity prices are in focus

By Ulle Adamson, Peter Botoucharov & Samy Muaddi

By Ulle Adamson, Peter Botoucharov & Samy Muaddi

March 2022 / MARKET EVENTS

The Market Implications of the Conflict in Ukraine

The Market Implications of the Conflict in Ukraine

The Market Implications of the Conflict in...

Central banks face a more difficult task tackling inflation.

By Andrew McCormick

Andrew McCormick Head of Fixed Income and CIO

March 2022 / MULTI-ASSET OUTLOOK

Capital Market Assumptions

Capital Market Assumptions

Capital Market Assumptions

In-depth analysis and insights to inform your decision-making.

February 2022 / INVESTMENT INSIGHTS

For or Against? The Year in Shareholder Resolutions—2021

For or Against? The Year in Shareholder Resolutions—2021

For or Against? The Year in Shareholder Resolution...

With environmental and social proposals in the spotlight, case-by-case insights were...

By Donna Anderson & Jocelyn Brown

By Donna Anderson & Jocelyn Brown

February 2022 / MARKETS & ECONOMY

There Will Be Turbulence

There Will Be Turbulence

There Will Be Turbulence

Why this Fed hiking cycle looks different

By Nikolaj Schmidt

Nikolaj Schmidt Chief Global Economist

February 2022 / GLOBAL FIXED INCOME

“Shoulda, Woulda, Coulda”

“Shoulda, Woulda, Coulda”

“Shoulda, Woulda, Coulda”

Adventures in global high yield

By Mark J. Vaselkiv

Mark J. Vaselkiv Chief Investment Officer, Fixed Income

February 2022 / FIXED INCOME

Five Reasons Why I’m Reducing Credit Risk

Five Reasons Why I’m Reducing Credit Risk

Five Reasons Why I’m Reducing Credit Risk

Tight spreads and hawkish central banks are a concern.

By Kenneth A. Orchard

Kenneth A. Orchard Head of International Fixed Income

February 2022 / ASSET ALLOCATION VIEWPOINT

What Pivot to Higher Rates May Mean for Stocks

What Pivot to Higher Rates May Mean for Stocks

What Pivot to Higher Rates May Mean for Stocks

Higher interest rates pose near-term challenges for stocks.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

February 2022 / EMERGING MARKETS

Making the Case for Emerging Markets

Making the Case for Emerging Markets

Making the Case for Emerging Markets

Five factors supporting EM equities on a tactical and structural basis.

By Justin Thomson, Eric C. Moffett & Malik Asif

By Justin Thomson, Eric C. Moffett & Malik Asif

February 2022 / GLOBAL ECONOMY

What’s Behind the Market Volatility, and What We’re Watching Next

What’s Behind the Market Volatility, and What We’re Watching Next

What’s Behind the Market Volatility, and...

Further price fluctuations loom amid Fed hikes, inflation, and post‑pandemic shifts.

By Sébastien Page, Justin Thomson & Mark J. Vaselkiv

By Sébastien Page, Justin Thomson & Mark J. Vaselkiv

February 2022 / MARKETS & ECONOMY

Putting the Fed’s Planned Rate Hikes into Context

Putting the Fed’s Planned Rate Hikes into Context

Putting the Fed’s Planned Rate Hikes into...

History shows that Fed hikes alone tend not to derail markets.

By Multiple Authors

By Multiple Authors

February 2022 / GLOBAL FIXED INCOME

Unlocking Impact Outside of ESG-Labeled Debt

Unlocking Impact Outside of ESG-Labeled Debt

Unlocking Impact Outside of ESG-Labeled Debt

Driving real change means investors should look beyond the label.

By Matthew Lawton

Matthew Lawton Portfolio Manager

January 2022 / U.S. FIXED INCOME

Rethinking Fixed Income Allocations

Rethinking Fixed Income Allocations

Rethinking Fixed Income Allocations

Sourcing strategies with varying risk and return drivers is key.

By Saurabh Sud, Lowell Yura & Gregor T. Dannacher

By Saurabh Sud, Lowell Yura & Gregor T. Dannacher

January 2022 / GLOBAL ASSET ALLOCATION

Global Asset Allocation Viewpoints and Investment Environment

Global Asset Allocation Viewpoints and Investment Environment

Global Asset Allocation Viewpoints and Investment...

By Thomas Poullaouec, Wenting Shen & Hajime Takigawa

By Thomas Poullaouec, Wenting Shen & Hajime Takigawa

January 2022 / VIDEO

The Market Implications of Omicron’s Swift Surge

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T. Rowe Price ("TRP") claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. T. Rowe Price has been independently verified for the 27-year period ended June 30, 2023, by KPMG LLP. The verification report is available upon request. A firm that claims compliance with the GIPS standards must establish policies and procedures for complying with all the applicable requirements of the GIPS standards. Verification provides assurance on whether the firm’s policies and procedures related to composite and pooled fund maintenance, as well as the calculation, presentation, and distribution of performance, have been designed in compliance with the GIPS standards and have been implemented on a firm-wide basis. Verification does not provide assurance on the accuracy of any specific performance report.

TRP is a U.S. investment management firm with various investment advisers registered with the U.S. Securities and Exchange Commission, the U.K. Financial Conduct Authority, and other regulatory bodies in various countries and holds itself out as such to potential clients for GIPS purposes. TRP further defines itself under GIPS as a discretionary investment manager providing services primarily to institutional clients with regard to various mandates, which include U.S, international, and global strategies but excluding the services of the Private Asset Management group.

A complete list and description of all of the Firm's composites and/or a presentation that adheres to the GIPS® standards are available upon request. Additional information regarding the firm's policies and procedures for calculating and reporting performance results is available upon request

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