Asset Allocation

Asset Allocation Committee Viewpoints

The T. Rowe Price Asset Allocation Committee evaluates the relative attractiveness of major asset classes over a 6- to 18-month time horizon.

Key Points

  • We moderated our position in small-cap stocks in the U.S. given recent strength and favorable liquidity in the face of moderating domestic growth.
  • We continued to reduce our exposure to developed market value stocks outside the U.S. in favor of growth as value-oriented sectors within those regions, such as financials, may be challenged by moderating economic growth.
  • We added to hedged international bonds as they offer an attractive hedged yield for U.S. dollar investors.