December 2021 / VIDEO
Three Contrarian Investing Views on China, Stagflation, Supply Chains
We think the market’s consensus on stagflation, supply chain shortages, and China may be wrong
Key Insights
- We have identified three contrarian investing ideas.
- We think the market’s current consensus of a stagflationary environment, in which growth is stagnant but inflation is high, is likely to prove incorrect.
- We also think product shortages and supply chain bottlenecks are likely peaking and that it’s time to get constructive on China.
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December 2021 / INVESTMENT INSIGHTS
Rick de los Reyes is a portfolio manager for the Global Natural Resources Equity Strategy, including the New Era Fund. Previously, he managed the Macro and Absolute Return Strategies and was a co-portfolio manager for the Multi-Strategy Total Return Strategy in the Multi-Asset Division. He is a member of the Asset Allocation Committee and the Investment Advisory Committees of the Global Natural Resources Equity, US Mid-Cap Value Equity, Global Growth Equity, Global Focused Growth Equity, and International Value Equity Strategies. Rick is a vice president of T. Rowe Price Group, Inc., and a trustee of the T. Rowe Price Foundation.