Ideas
Independence
Integration & collaboration
Risk management
Inflation and rates remain at the forefront of investors’ minds. Although inflation pressures are easing, structural forces such as deglobalisation, resilient labour market, and energy prices could make inflation stickier than in past economic slowdowns, further discouraging central banks from easing monetary policy.
With the prospect of further volatility and higher for longer interest rates, investors need managers with proven record of actively managing interest rate risks.
Amid the risk of recession, global economies – particularly U.S. have held up relatively well so far. Even if a recession is avoided in 2024, we are likely to see economic growth concerns intermittently elevated.
Against an uncertain economic backdrop, astute security selection will be vital for success. Investors need managers with deep understanding of companies and industries and the ability to make the right choices to futureproof their portfolio.
The combination of persistently sticky inflation, slowing growth and geopolitical unrest has created an almost unsolvable riddle for central banks. Will they be forced to choose between trying to avert recession and meeting inflation targets?
Investors need managers with the experience and insights to navigate policy uncertainty and identify pockets of value across the full breadth of fixed income sectors.
Geopolitical tension is contributing to economic fragmentation which may dampen global growth and contribute to inflationary forces. Between the ongoing conflict in Ukraine and the humanitarian crisis in the Middle East, investors can no longer assume a calm geopolitical backdrop when making decisions.
Geopolitical inflections are unsettling, but they may also create opportunities for investors who recognise the shifting landscape and experienced managers with deep macro and fundamental research capabilities.
Interest Rate Capabilities
Flexibility to adapt to different market cycles and environments, including when interest rates are rising.
Credit Capabilities
Ability to minimise default risk through a powerful combination of expertise, deep resources and a time-tested process.
Emerging Markets Capabilities
Scale and experience to access and cover all segments of emerging markets debt including frontier markets.
Time to test the temperature?
An all-weather approach for changing markets
Explore our global range of strategies and solutions focused on client outcomes.
INVESTMENT PHILOSOPHY
At T. Rowe Price, we believe that empowering our fixed income experts with the freedom to think and the freedom to explore can deliver better outcomes for our clients.
Our active management process empowers fixed income investment professionals free to think. explore and perform.
What is freedom in Fixed Income for Portfolio Manager Matt Lawton? He describes it as being empowered to enable change and accelerate impact outcomes.
What is “Freedom in Fixed Income”? Portfolio Manager, Mike Della Vedova, explains why our unconstrained approach helps deliver long-term results for clients.
Portfolio Manager, David Stanley, discusses the benefits of “Freedom in Fixed Income” and the attractive investment opportunities it can bring.
Hear from Razan Nasser, Emerging Markets Sovereign Analyst and Willem Visser, Associate PM Fixed Income ESG, on how the freedom to seek and share different perspectives empowers our investment teams to explore new ideas.
A consistent approach: tried and tested for over 50 years
All data as at 30 June 2023.
1The combined multi-asset portfolios managed by T. Rowe Price Associates, Inc. and its investment advisory affiliates. This figure includes assets that are held outside of T. Rowe Price, but where T. Rowe Price influences trade decisions.
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