Choose your location
Sweden
English
Austria
Belgium
Denmark
Estonia
Finland
France
Iceland
Ireland
Italy
Latvia
Lithuania
Luxembourg
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
United Kingdom
Investors must differentiate between useful information and random market fluctuations in the second half of 2023, as stubborn inflation, tightening financial conditions, a US regional banking crisis, and fading economic growth in the developed economies could affect financial asset performance.
Three themes to watch in the second half of 2023
Video Player is loading.
WEBINAR
Webinar replay: 2023 Midyear Market Outlook
Listen to our Chief Investment Officers, Arif Husain, Sébastien Page, and Justin Thomson as they share insights on the major themes expected to impact markets over the coming months, investment opportunities and potential risks for the remainder of 2023.
Investment Leaders
Arif Husain
Head of International Fixed Income and
Chief Investment Officer
Sébastien Page
Head of Global Multi-Asset and
Chief Investment Officer
Justin Thomson
Head of International Equity and
Chief Investment Officer
Ritu Vohora
Investment Specialist,
Capital Markets
Regional Outlooks
China Outlook
Recent softness is unlikely to derail 2023’s recovery. We continue to find investment ideas in domestically listed A-shares.
Japan Outlook
Despite heightened macro uncertainty, Japan’s TOPIX Index hit a 33-year high in May—an indication that the Japan story is gaining momentum.
2023 Midyear Tactical Allocation Views
As of May 31, 2023
The tactical allocation views are prepared by the T. Rowe Price Multi-Asset Division.
These views are informed by a subjective assessment of the relative attractiveness of asset classes and subclasses over a 6- to 18-month horizon.
Video Player is loading.
VIDEO
2023 Midyear Market Outlook Summary
Investment Specialist Ritu Vohora shares important key takeaways from this year’s Midyear Market Outlook in under two minutes.
Sign up to receive our monthly Global Asset Allocation Viewpoints from our Investment Committee
Each month, our Investment Committee prepare a report revealing the two market themes they are watching, their bull and bear views per region and their latest asset class over and underweights.It has been designed to aid you in your decision making and client conversations.
Want to know more? Get in touch.
If you have questions or would like more information about T. Rowe Price please contact us.
Important Information
This material is being furnished for general informational and/or marketing purposes only. The material does not constitute or undertake to give advice of any nature, including fiduciary investment advice, nor is it intended to serve as the primary basis for an investment decision. Prospective investors are recommended to seek independent legal, financial and tax advice before making any investment decision. T. Rowe Price group of companies including T. Rowe Price Associates, Inc. and/or its affiliates receive revenue from T. Rowe Price investment products and services. Past performance is not a reliable indicator of future performance. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested.
The material does not constitute a distribution, an offer, an invitation, a personal or general recommendation or solicitation to sell or buy any securities in any jurisdiction or to conduct any particular investment activity. The material has not been reviewed by any regulatory authority in any jurisdiction.
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.
The material is not intended for use by persons in jurisdictions which prohibit or restrict the distribution of the material and in certain countries the material is provided upon specific request.
It is not intended for distribution to retail investors in any jurisdiction.
EEA – Unless indicated otherwise this material is issued and approved by T. Rowe Price (Luxembourg) Management S.à r.l. 35 Boulevard du Prince Henri L-1724 Luxembourg which is authorised and regulated by the Luxembourg Commission de Surveillance du Secteur Financier. For Professional Clients only.
Switzerland - Issued in Switzerland by T. Rowe Price (Switzerland) GmbH, Talstrasse 65, 6th Floor, 8001 Zurich, Switzerland. For Qualified Investors only.
UK - This material is issued and approved by T. Rowe Price International Ltd, Warwick Court, 5 Paternoster Square, London EC4M 7DX which is authorised and regulated by the UK Financial Conduct Authority. For Professional Clients only.
202306-2949000