Our collected views...

2023 Midyear Market Outlook

Finding the Signal Through the Noise

Global Fixed Income

Free to think, Free to explore

Analyst's Notebook

Your partner for insights

Our Actions and Views on Ukraine

Expert views and key themes impacting the markets and global economy

Global Equities

Looking ahead to keep our clients on the right side of change

ESG

Our commitment to responsible investing

This Quarter (Q3 ) Hide

September 2023 / GLOBAL FIXED INCOME

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 CIO

September 2023 / INVESTMENT INSIGHTS

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 / VIDEO

China Deleveraging, Defaults, Deflation - Capitalizing on opportunities...

China Deleveraging, Defaults, Deflation -...

September 2023 / U.S. GOVERNMENT POLICY

Regulating the AI Revolution: What Investors Need to Know

Regulating the AI Revolution: What Investors...

Competition with China and consumer safety are key themes.

By Gilad Fortgang

Gilad Fortgang Washington Associate Analyst, U.S. Equity Division

September 2023 / VIDEO

Big Data and AI: Risk and Opportunity in Infrastructure Software

Big Data and AI: Risk and Opportunity in...

As AI automates more processes, the volume, variety, and speed of data should increase....

By Sam Johnson

Sam Johnson Infrastructure Software Analyst, U.S. Equity Division

August 2023 / FIXED INCOME

Chinese Economic Weakness Elevating Investor Concerns

Chinese Economic Weakness Elevating Investor...

Despite weakness, China’s core financial system seems insulated.

By Samy Muaddi, Christopher J. Kushlis & Michael Summers

August 2023 / ESG

Prepare for the Sustainability Capital Wave

It could rival the Industrial Revolution in scale.

By Justin Thomson & Christopher Vost

August 2023 / MARKETS & ECONOMY

China’s Economy Faces Renewed Pressures

Property sector weakness weighing on confidence

August 2023 / ESG

2023 TRPIM Proxy Voting Summary

Key trends in T. Rowe Price Investment Management’s proxy voting activity over the...

By Christopher Whitehouse

Christopher Whitehouse Regional Head of Corporate Governance

August 2023 / ESG

2023 Proxy Voting Summary

Key trends in T. Rowe Price’s proxy voting activity over the past year.

By Donna Anderson & Jocelyn Brown

August 2023 / MULTI-ASSET

Inflation Globalization

Understanding the drivers of domestic and global inflation.

By Multiple Authors

August 2023 / VIDEO

Leaning Into Real Assets

Attractive valuations and improving fundamentals may boost commodities.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

August 2023 / MULTI-ASSET

Keep Long and Carry On

High yield bonds paired with long-term Treasuries offer attractive carry.

By Sébastien Page

Sébastien Page Head of Global Multi-Asset and Chief Investment Officer

August 2023 / VIDEO

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 / ASSET ALLOCATION

Leaning Into Real Assets

Attractive valuations and improving fundamentals may boost commodities.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist Multi‑Asset Division

August 2023 / GLOBAL FIXED INCOME

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 CIO

July 2023 / INVESTMENT INSIGHTS

Buy and Align—The Next-Generation Buy and Maintain Portfolios

Buy and Align—The Next-Generation Buy and...

Introducing the Net Zero Transition Product Framework to help clients meet income...

By Steve Boothe, David Stanley & Matthew Lawton

July 2023 / MARKETS & ECONOMY

Global Markets Monthly Update

July 2023 / IMPACT INVESTING

How Impact Investing Can Help Address ESG Skepticism

How Impact Investing Can Help Address ESG...

Using measurement and engagement to tackle ESG fractures head-on

By Harishankar Balkrishna

Harishankar Balkrishna Portfolio Manager, Global Impact Equity Strategy

July 2023 / INVESTMENT INSIGHTS

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 Credit Analyst

July 2023 / INVESTMENT INSIGHTS

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 & Quentin S. Fitzsimmons

July 2023 / INVESTMENT INSIGHTS

Post-Pandemic Trends Support Credit Quality in Health Care

Post-Pandemic Trends Support Credit Quality...

Collaboration across health care industries reveals credit trends

By Domingo Villarruel, Marianna Korpusova & Mitchell Unger

July 2023 / INVESTMENT INSIGHTS

Where Now for Global Equity Markets?

Five forces defining the equity cycle.

By Scott Berg

Scott Berg Portfolio Manager, Global Growth Equity Strategy

July 2023 / ASSET ALLOCATION VIEWPOINT

U.S. Equities Are Back in Favor

Earnings outlook for U.S. companies is trending positive.

By Timothy C. Murray

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

July 2023 / INVESTMENT INSIGHTS

Central Banks Step Into Potential Policy Error Territory

Central Banks Step Into Potential Policy...

Hawkish stances risk overtightening and causing recession

By Arif Husain

Arif Husain Head of International Fixed Income and CIO

Previous Quarter (Q2 ) Hide

June 2023 / MARKETS & ECONOMY

The Fed Signals More Rate Increases Amid a Resilient Economy

The Fed Signals More Rate Increases Amid...

Sticky inflation and further rate hikes reduce soft landing odds.

By Blerina Uruçi

Blerina Uruçi Chief U.S. Economist

June 2023 / VIDEO

U.S. Debt Deal Does More Than Avoid Default

By Michael Pinkerton

Michael Pinkerton Washington Associate Analyst U.S. Equity Division

June 2023 / MARKETS & ECONOMY

The World Faces a Highly Variable Inflation Outlook

The World Faces a Highly Variable Inflation...

The US and UK face a tougher challenge than the Nordics and eurozone

By Tomasz Wieladek & Aadish Kumar

June 2023 / INVESTMENT INSIGHTS

Global Equities: Everything Changes, So Focus on What Stays the Same

Global Equities: Everything Changes, So Focus...

Our investment framework is constantly adapting to the challenges of change.

By David J. Eiswert

David J. Eiswert Portfolio Manager, Global Focused Growth Equity Strategy

June 2023 / U.S. GOVERNMENT POLICY

US Debt Deal May Mark New Era in Federal Spending

US Debt Deal May Mark New Era in Federal...

Here's what it could mean for the economy, industry, and policy

By Michael Pinkerton

Michael Pinkerton Associate Analyst

June 2023 / INVESTMENT INSIGHTS

Meet Matthew Lawton

Portfolio Manager, Global Impact Credit Strategy

15 June 2023 / MIDYEAR MARKET OUTLOOK

The Japan Story Is Gathering Momentum

Macro risks have risen, but the outlook for Japan appears bright.

By Archibald Ciganer

Archibald Ciganer Regional Portfolio Manager

June 2023 / VIDEO

Asset Allocation in an Uncertain Environment

We believe high yield bonds offer an attractive risk/reward trade-off in the current...

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

June 2023 / INVESTMENT INSIGHTS

2023 Midyear Market Outlook: Finding the Signal Through the Noise

2023 Midyear Market Outlook: Finding the...

By Arif Husain, Sébastien Page & Justin Thomson

June 2023 / MIDYEAR MARKET OUTLOOK

Australia: Midyear Outlook 2023

Waiting for the earnings shoe to drop.

By Randal S. Jenneke

Randal S. Jenneke Head of Australian Equities

June 2023 / WEBINAR

2023 Midyear Market Outlook Webinar

By Multiple Authors

June 2023 / GLOBAL FIXED INCOME

Four Themes Shaping Global High Yield Bonds

Four Themes Shaping Global High Yield Bonds...

Opportunities to generate value amid volatility

By Michael Della Vedova

Michael Della Vedova Co‑portfolio Manager, Global High Income Bond Strategy

June 2023 / MIDYEAR MARKET OUTLOOK

Economic Resilience Tested

2023 Midyear Market Outlook - Theme one

By Arif Husain, Sébastien Page & Justin Thomson

June 2023 / MIDYEAR MARKET OUTLOOK

Bonds Are Back?

2023 Midyear Market Outlook - Theme two

By Arif Husain, Sébastien Page & Justin Thomson

June 2023 / MIDYEAR MARKET OUTLOOK

A Focus on Earnings

2023 Midyear Market Outlook - Theme three

By Arif Husain, Sébastien Page & Justin Thomson

June 2023 / VIDEO

2023 Midyear Market Outlook Summary video with Ritu Vohora

2023 Midyear Market Outlook Summary video...

By Ritu Vohora

Ritu Vohora Investment Specialist, Capital Markets

June 2023 / INVESTMENT INSIGHTS

2023 China Midyear Market Outlook

A more broad-based recovery after initial reopening, though some bumpiness is expected.

By Jacqueline Liu

Jacqueline Liu Portfolio Manager, China Growth Opportunities Equity Strategy

June 2023 / GLOBAL EQUITIES

Generative AI Holds Both Promise and Peril for Investors

Generative AI Holds Both Promise and Peril...

Looking beyond the hype to see opportunities in builders and toolmakers

By Multiple Authors

June 2023 / INVESTMENT INSIGHTS

Asset Allocation in an Uncertain Environment

High yield bonds could offer an attractive risk/reward trade-off

By Timothy C. Murray

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

June 2023 / MARKETS & ECONOMY

Global Markets Monthly Update

By T. Rowe Price

T. Rowe Price

May 2023 / INVESTMENT INSIGHTS

ESG Integral to Emerging Markets Corporate Bond Investing

ESG Integral to Emerging Markets Corporate...

ESG-labeled bonds gain momentum, but monitoring credentials is vital.

By Siby Thomas

Siby Thomas Co‑Portfolio Manager, Emerging Markets Corporate Bond Strategy

May 2023 / INVESTMENT INSIGHTS

Raising the Debt Ceiling Could Pressure Bank Funding

Raising the Debt Ceiling Could Pressure Bank...

But cash squeeze may force the Fed to halt quantitative tightening

By Adam Marden & Pranay Subedi

May 2023 / VIDEO

My Two Biggest Rules for Investing in Industrials

Industrials are sensitive to the business cycle, but supportive government policies...

By Melanie Rizzo

Melanie Rizzo Industrials Analyst, U.S. Equity Division

May 2023 / INVESTMENT INSIGHTS

Strategy Focus on Global Impact Credit

By Matthew Lawton

Matthew Lawton Portfolio Manager, Global Impact Credit Strategy

May 2023 / VIDEO

Stubborn Services Inflation Keeps Fed on Guard

Stubborn Services Inflation Keeps Fed on...

We’ll need to see more evidence of a deceleration in services inflation to be confident...

By Blerina Uruçi

Blerina Uruçi Chief U.S. Economist

May 2023 / INVESTMENT INSIGHTS

China Investing: What Comes Next?

A three-stage recovery is underway.

By Wenli Zheng

Wenli Zheng Portfolio Manager, China Evolution Equity Strategy

May 2023 / INVESTMENT INSIGHTS

Implications of the Debt Ceiling Showdown for Investors

Implications of the Debt Ceiling Showdown...

As the “x-date” approaches, our portfolio managers and experts are closely monitoring...

May 2023 / INVESTMENT INSIGHTS

Volatility Brings Opportunity in Fixed Income

Rates offer alpha opportunities, dollar at risk of depreciation.

By Arif Husain, Scott Solomon & Quentin S. Fitzsimmons

May 2023 / INVESTMENT INSIGHTS

Foundations of Emerging Markets Bond Investing

Foundations of Emerging Markets Bond Investing...

Four-part anchoring framework fundamental to debt sustainability

By Samy Muaddi

Samy Muaddi Head of Emerging Markets Fixed Income,
Portfolio Manager,
EM Bond and EM Corporate Bond

May 2023 / INVESTMENT INSIGHTS

Perspectives on Securitized Credit

First Quarter 2023

By Christopher P. Brown, Ramon de Castro & Jean-Marc Breaux

May 2023 / INVESTMENT INSIGHTS

The Art of Actively Managing Interest Rate Risk

The Art of Actively Managing Interest Rate...

With volatility likely to persist, an active approach remains critical

By Amanda Stitt

Amanda Stitt Portfolio Specialist

May 2023 / ASSET ALLOCATION

Is the Employment Picture Turning?

The U.S. labor market faces headwinds amid tighter credit conditions for small businesses...

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

May 2023 / ASSET ALLOCATION

U.S. Labor Market Strength May Be Tenuous

Emerging signs of weakness could be headwinds for jobs.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

May 2023 / FIXED INCOME

Rates Volatility to Continue as Economic Outlook Evolves

Rates Volatility to Continue as Economic...

We expect a relatively mild U.S. recession, not a steep downturn

By Andrew McCormick

Andrew McCormick Head of Global Fixed Income and CIO

May 2023 / BLOG

Three Themes Investors Should Watch in U.S.-China Relations

Three Themes Investors Should Watch in U.S.-China...

Competition between these powers creates risk and opportunity

By Michael Pinkerton

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

May 2023 / INVESTMENT INSIGHTS

Tapping The Power of Global Equity Dividends

What we seek—and avoid—in pursuit of consistent returns.

By Yoichiro Kai

Yoichiro Kai Portfolio Manager, Global Equity Dividend Strategy

May 2023 / INVESTMENT INSIGHTS

Why an All‑Cap Approach Makes Sense In Today’s U.S. Equity Market

Why an All‑Cap Approach Makes Sense In Today’s...

In a tight risk/reward environment, stock selection will likely be the key driver...

By Justin P. White

Justin P. White Portfolio Manager, T. Rowe Price

May 2023 / INVESTMENT INSIGHTS

Meet Our Interns

We Talk to Reese Feng And Neil Wang, Our First China Interns to Join T. Rowe Price

May 2023 / INVESTMENT INSIGHTS

Inside The Engine Room of EM Local Currency Debt

Inside The Engine Room of EM Local Currency...

A potentially rewarding asset class.

By Nathan Wang & Wenting Shen

May 2023 / INVESTMENT INSIGHTS

Five Investment Trends For The Next 12 Months

Positioning your portfolio for the challenges and opportunities ahead.

By Yoram Lustig, Michael Walsh & Niklas Jeschke

May 2023 / INVESTMENT INSIGHTS

China Investing: What Comes Next?

A three-stage recovery is underway.

By Wenli Zheng

Wenli Zheng Portfolio Manager, China Evolution Equity Strategy

April 2023 / MARKETS & ECONOMY

Global Markets Monthly Update

April 2023 / VIDEO

Medical Technology Industry Well Positioned Post-COVID

Medical Technology Industry Well Positioned...

Many businesses in the health care sector can consistently grow revenue and earnings,...

By Mitchell Unger

Mitchell Unger Credit Analyst, Health Care Sector

April 2023 / VIDEO

Peter Bates Introduction to style balanced investing

Peter Bates Introduction to style balanced...

By Peter J. Bates

Peter J. Bates Portfolio Manager

April 2023 / INVESTMENT INSIGHTS

Meet Dominic Rizzo

Portfolio Manager, Global Technology Equity Strategy

By Dominic Rizzo

Dominic Rizzo Portfolio Manager, Global Technology Equity Strategy

April 2023 / GLOBAL FIXED INCOME

What Is Next for the AT1 Bond Market?

Credit Suisse write-down does not spell the end of this market.

By Rob Thomas & Bineesha Wickremarachchi

April 2023 / INVESTMENT INSIGHTS

Fostering Change With Impact Investing

Pursuing social and environmental impact alongside financial returns

By Harishankar Balkrishna, Matthew Lawton & David L. Rowlett

April 2023 / INVESTMENT INSIGHTS

A More Turbulent Path for the Fed

Calming banking jitters amid high inflation and slowing growth

By Christina Noonan

Christina Noonan Associate Portfolio Manager, Multi‑Asset Division

March 2023 / MARKETS & ECONOMY

Global Markets Monthly Update

Keep up-to-date on our views on developments in global capital markets.

March 2023 / INVESTMENT INSIGHTS

Global Impact Equity Strategy Focus

By Harishankar Balkrishna

Harishankar Balkrishna Portfolio Manager, Global Impact Equity Strategy

Q1 Show

March 2023 / MARKETS & ECONOMY

China's Reopening: Implications and Impact

Brisk reopening brings quicker consumption response.

By Carolyn Chu & Christopher J. Kushlis

March 2023 / INVESTMENT INSIGHTS

Building Core Strength to Meet Demands of Markets

Building Core Strength to Meet Demands of...

Positioning across the style spectrum with a focus on individual stock picking.

By Peter J. Bates

Peter J. Bates Portfolio Manager, Global Select Equity Strategy

March 2023 / VIDEO

Global Equity Markets Update with Sam Ruiz

Global Markets React to US Bank Crisis

By Samuel Ruiz

Samuel Ruiz Equity Portfolio Specialist

March 2023 / INVESTMENT INSIGHTS

How Climate and Biodiversity Considerations Are Driving Credit Risk

How Climate and Biodiversity Considerations...

Role for investment industry in creating innovative financing solutions

By Tongai Kunorubwe & Penny Avraam

March 2023 / MARKETS & ECONOMY

One Foot on the Brake and One on the Gas

One Foot on the Brake and One on the Gas...

My views on the economic and market implications of the banking turmoil

By Sébastien Page

Sébastien Page Head of Multi‑Asset and Chief Investment Officer

March 2023 / INVESTMENT INSIGHTS

When Markets Twist and Turn, Flex Your Fixed Income

When Markets Twist and Turn, Flex Your Fixed...

Five bond strategies to help investors navigate evolving markets.

March 2023 / INVESTMENT INSIGHTS

Bank Contagion Appears Limited, but Failures Create Key Risks

Bank Contagion Appears Limited, but Failures...

Heightened liquidity constraints and disruption require deft investing touch

By Matt J. Snowling & David M. DiPietro

March 2023 / INVESTMENT INSIGHTS

T. Rowe Price Strategy Focus on Global Impact Equity

T. Rowe Price Strategy Focus on Global Impact...

Read more about our Strategy Focus on Global Impact Equity

By Harishankar Balkrishna

Harishankar Balkrishna Portfolio Manager, Global Impact Equity Strategy

March 2023 / INVESTMENT INSIGHTS

U.S. Banks: Should Investors Withdraw Their Concerns?

U.S. Banks: Should Investors Withdraw Their...

The recent failures of two regional banks stemmed from different causes than the...

By Christopher T. Fortune, Joseph Mlinac & Stephon Jackson

March 2023 / ASSET ALLOCATION VIEWPOINT

A Recession May Be Delayed, Not Avoided

Near-term tailwinds could favor international markets

By Timothy C. Murray

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

March 2023 / VIDEO

Recession Avoided?

Positive economic news in the near term could mean a more hawkish Fed, which would...

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

March 2023 / VIDEO

Labor Market Resilience Suggests Recession Is Not Imminent

Labor Market Resilience Suggests Recession...

Growth accelerated in late 2022, and data released so far in 2023 solidify the case...

By Blerina Uruçi

Blerina Uruçi Chief U.S. Economist

February 2023 / INVESTMENT INSIGHTS

For or Against? The Year in Shareholder Resolutions—2022

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

February 2023 / INVESTMENT INSIGHTS

2023—A Year of Transition for Emerging Markets

China reopening supportive, but not enough on its own.

By Christopher J. Kushlis

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

February 2023 / MARKETS & ECONOMY

Global Markets Monthly Update

Keep up-to-date on our views on developments in global capital markets.

February 2023 / INVESTMENT INSIGHTS

Meet Peter Bates

Portfolio Manager, Global Select Equity Strategy

By Peter J. Bates

Peter J. Bates Portfolio Manager, Global Select Equity Strategy

February 2023 / VIDEO

Global Equity Markets Update with Sam Ruiz

An incredible January for global equities but further volatility expected

By Samuel Ruiz

Samuel Ruiz Equity Portfolio Specialist

February 2023 / FIXED INCOME

Russia-Ukraine War One Year On

Ongoing war continues to reverberate through the economy and energy markets.

By Razan Nasser & Peter Botoucharov

February 2023 / INVESTMENT INSIGHTS

The Energy Crisis Is Only Just Beginning

The Energy Crisis Is Only Just Beginning...

Next winter is where the real challenge lies.

By Justin Thomson

Justin Thomson Chief Investment Officer, International Equity

February 2023 / INVESTMENT INSIGHTS

Perspectives on Securitized Credit

Fourth Quarter 2022

By Christopher P. Brown & Ramon de Castro

February 2023 / VIDEO

What Investors Need to Know About the U.S. Debt Ceiling

What Investors Need to Know About the U.S....

The impasse over raising the debt ceiling may roil markets

By Michael Pinkerton

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

February 2023 / INVESTMENT INSIGHTS

The Case for a Dedicated China Allocation within EM

The Case for a Dedicated China Allocation...

In China, change is the only constant.

By Thomas Poullaouec, Robert Secker & Nathan Wang

February 2023 / INVESTMENT INSIGHTS

Four Factors Shaping a Brighter Outlook for U.S. Smaller Companies

Four Factors Shaping a Brighter Outlook for...

The ‘Risk Off’ Pendulum Has Swung Too Far

By Curt J. Organt

Curt J. Organt Portfolio Manager, T. Rowe Price US Smaller Companies Equity Strategy

February 2023 / INVESTMENT INSIGHTS

Transitioning to a New Paradigm

Three key investment themes for 2023

By Justin Thomson

Justin Thomson Head of International Equity and Chief Investment Officer

February 2023 / INVESTMENT INSIGHTS

The Need to Act and Think Differently

Fixed income portfolio construction amid changing dynamics

By Arif Husain

Arif Husain Head of International Fixed In- come and CIO, Fixed Income

February 2023 / INVESTMENT INSIGHTS

Meet Justin Thomson

An interview with Justin Thomson Head of International Equity and Chief Investment...

By Justin Thomson

Justin Thomson Head of International Equity and Chief Investment Officer, T. Rowe Price.

February 2023 / INVESTMENT INSIGHTS

How ESG and Value Investing Can Go Hand in Hand

How ESG and Value Investing Can Go Hand in...

ESG integration can be an essential component to unlocking value.

By Véronique Chapplow, Sebastien Mallet & Ernest C. Yeung

February 2023 / INVESTMENT INSIGHTS

The Ghosts of Inflation – Past and Present

What investment lessons can history hold?

By Rahul Ghosh

Rahul Ghosh Portfolio Specialist, Global Equity Strategies

February 2023 / INVESTMENT INSIGHTS

Impact Investing: Why It Matters Now More Than Ever

Impact Investing: Why It Matters Now More...

Equity markets are vital for driving environmental and social change.

By Harishankar Balkrishna

Harishankar Balkrishna Portfolio Manager

February 2023 / INVESTMENT INSIGHTS

Asset Allocation: Beyond Diversification

Insights from the Multi-Asset engine room.

By Sébastien Page

Sébastien Page Head of Global Multi-Asset and Chief Investment Officer

February 2023 / VIDEO

Quarterly Australian Equity Market Outlook - January 2023

Quarterly Australian Equity Market Outlook...

Will earnings be the dominant driver for Australian Equities in 2023?

By Randal S. Jenneke

Randal S. Jenneke Head of Australian Equities

February 2023 / INVESTMENT INSIGHTS

The Importance of Additionality in Impact Investing

The Importance of Additionality in Impact...

Additionality can accelerate and strengthen impact investing.

By Matthew Lawton

Matthew Lawton Portfolio Manager, Global Impact Credit Strategy

February 2023 / INVESTMENT INSIGHTS

Taking Another Look at Securitized Credit

Fundamental research can reveal opportunities in the asset class.

By Jean-Marc Breaux, Ramon de Castro & Evan Shay

February 2023 / INVESTMENT INSIGHTS

The Mild Winter Will Delay Europe’s Recession, Not Prevent It

The Mild Winter Will Delay Europe’s Recession,...

Other risks will likely weigh on the Continent later this year.

By Tomasz Wieladek

Tomasz Wieladek Chief European Economist

February 2023 / ASSET ALLOCATION VIEWPOINT

A Long-Awaited Reversal

U.S. equities trailed the rest of the world in 2022, and near-term tailwinds could...

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

February 2023 / GLOBAL EQUITIES

Headwinds for Equity Markets Starting to Diminish

Headwinds for Equity Markets Starting to...

Disinflationary forces point to a more benign environment.

By Laurence Taylor

Laurence Taylor Portfolio Specialist in the Equity Division

February 2023 / MARKETS & ECONOMY

Fintechs: Evaluating the Threat to Emerging Markets Banks

Fintechs: Evaluating the Threat to Emerging...

After a closer look at the emerging markets banking sector, we’ve concluded the success...

By Mariel Abreu

Mariel Abreu Credit Analyst, Emerging Markets Corporate Debt

February 2023 / INVESTMENT INSIGHTS

Divest or Engage To Meet Climate Commitments?

The Russia/Ukraine war and the recent energy supply squeeze have brought into sharp...

By Maria Elena Drew

Maria Elena Drew Director of Research, Responsible Investing

January 2023 / MARKETS & ECONOMY

Global Markets Monthly Update

Keep up-to-date on our views on developments in global capital markets.

January 2023 / MARKETS & ECONOMY

Global Impact Credit - One Year On

Reflecting on a year of impact investing and what’s next.

By Matthew Lawton

Matthew Lawton Portfolio Manager, Global Impact Credit Strategy

January 2023 / INVESTMENT INSIGHTS

The Active Advantage in High Yield

Active approach allows security selection and nimble positioning.

By Kevin Loome & Ashley Wiersma

January 2023 / INVESTMENT INSIGHTS

Five Key Insights From 2022

Uncertainty persists, but yield is back and fundamentals matter.

By Timothy C. Murray

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

January 2023 / INVESTMENT INSIGHTS

A New Dollar Smile: Where Next for the U.S. Dollar?

A New Dollar Smile: Where Next for the U.S....

Our analysis shows the U.S. dollar is at risk of weakening.

By Multiple Authors

January 2023 / INVESTMENT INSIGHTS

The Eurozone’s Recession Will Likely Be Deeper Than Expected

The Eurozone’s Recession Will Likely Be Deeper...

The European Central Bank may have to cease hiking earlier than planned.

By Tomasz Wieladek

Tomasz Wieladek Chief European Economist

January 2023 / VIDEO

Five Important Insights From 2022

The Fed is determined to fight inflation and yield is back, but socially oriented...

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

Q4 2022 Show

December 2022 / MARKETS & ECONOMY

A Closer Look at Quantitative Tightening Implications

A Closer Look at Quantitative Tightening...

While manageable near term, notable QT impact likely by mid-2023

By Stephen L. Bartolini, Steve Boothe & Pranay Subedi

December 2022 / MARKETS & ECONOMY

Global Markets Monthly Update

Keep up-to-date on our views on developments in global capital markets.

December 2022 / VIDEO

2023 Global Market Outlook Summary video

Ritu Vohora breaks down the 2023 Global Market Outlook in 2 mins.

By Ritu Vohora

Ritu Vohora Investment Specialist, Capital Markets

December 2022 / INVESTMENT INSIGHTS

Asset Allocation: Beyond Diversification

Insights from the Multi-Asset engine room.

By Sébastien Page

Sébastien Page Head of Global Multi-Asset and Chief Investment Officer

December 2022 / VIDEO

Global Equity Markets Update with Sam Ruiz

An incredible month for global equities but we remain cautious

By Samuel Ruiz

Samuel Ruiz Portfolio Specialist

December 2022 / VIDEO

The 2023 Inflation Outlook

Easing inflation may slow or pause Fed hikes, but we believe a rate cut is unlikely...

By Timothy C. Murray

Timothy C. Murray CFA, Capital Markets Strategist

December 2022 / INVESTMENT INSIGHTS

Growth Investing: A Q&A With David Eiswert

A decade of insights and excitement for the return of price discovery.

By David J. Eiswert

David J. Eiswert Portfolio Manager, Global Focused Growth Equity Strategy

December 2022 / ASSET ALLOCATION VIEWPOINT

The 2023 Inflation Outlook

Interest rate cut is unlikely if inflation settles above Fed’s target

By Timothy C. Murray

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

December 2022 / MARKET OUTLOOK

Australia: Market Outlook 2023

Navigating an expected downturn in earnings.

By Randal S. Jenneke

Randal S. Jenneke Head of Australian Equities

December 2022 / GLOBAL MARKET OUTLOOK

Deglobalization in a Connected World

We are seeing a shift in the global economy that could shape the investment landscape...

By Andrew McCormick, Sébastien Page & Justin Thomson

December 2022 / GLOBAL MARKET OUTLOOK

Leaning Against the Wind

In the face of challenging headwinds, a careful contrarian approach could offer potential...

By Andrew McCormick, Sébastien Page & Justin Thomson

December 2022 / VIDEO

2023 Global Market Outlook Webinar

With volatility ahead, agility can be a great source of opportunity

By Multiple Authors

December 2022 / MARKETS & ECONOMY

Do Not Underestimate the Impact of Quantitative Tightening

Do Not Underestimate the Impact of Quantitative...

It may affect economies more than central banks assume.

By Tomasz Wieladek

Tomasz Wieladek Chief European Economist

December 2022 / INTERNATIONAL EQUITIES

The Outlook for Japan Remains Finely Poised

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

By Archibald Ciganer

Archibald Ciganer Regional Portfolio Manager

December 2022 / GLOBAL MARKET OUTLOOK

The Need for Agility

A time to be selectively contrarian

By Andrew McCormick, Sébastien Page & Justin Thomson

December 2022 / GLOBAL MARKET OUTLOOK

An Economic Balancing Act

Aggressive rate hikes are slowing economic growth. But a deep downturn across the...

By Andrew McCormick, Sébastien Page & Justin Thomson

December 2022 / INTERNATIONAL EQUITIES

China Market Outlook 2023

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

By Wenli Zheng

Wenli Zheng Regional Portfolio Manager

December 2022 / GLOBAL MARKET OUTLOOK

The Return of Yield

Yields are appealing in select markets and buying opportunities exist, but investors...

By Andrew McCormick, Sébastien Page & Justin Thomson

November 2022 / INVESTMENT INSIGHTS

What Next for Diversity in the Boardroom?

Beyond gender: Diversity through a multidimensional lens.

By Jocelyn Brown

Jocelyn Brown Head of Governance, EMEA and APAC

November 2022 / INVESTMENT INSIGHTS

Key Issues for Congress Unchanged, Despite Election Uncertainty

Key Issues for Congress Unchanged, Despite...

Investors should focus on fundamentals, not politics.

By Michael Pinkerton, Blerina Uruçi & Eric L. Veiel

November 2022 / VIDEO

Sovereign Analysis Amid the Perils of War

Amid the tragedy of war on people and communities, what are the geopolitical ramifications...

By Razan Nasser, Peter Botoucharov & Benjamin Robins

November 2022 / INVESTMENT INSIGHTS

Strong Growth Now May Not Mitigate a Recession Next Year

Strong Growth Now May Not Mitigate a Recession...

Central bankers may have to rethink this key assumption.

By Tomasz Wieladek & Aadish Kumar

November 2022 / VIDEO

Waiting on the Fed?

We believe a constructive economic outlook, in addition to a Fed pivot, would likely...

By Timothy C. Murray

Timothy C. Murray CFA, Capital Markets Strategist

November 2022 / U.S. FIXED INCOME

Forecasting Oil Prices: Six Vital Indicators

We examine short-term oil data that are part of the price cycle and longer-term signals...

By Elliot Shue

Elliot Shue Corporate Credit Analyst, Energy and Commodities Industries

November 2022 / INVESTMENT INSIGHTS

Global High Yield—Managing Through Volatile Markets

Global High Yield—Managing Through Volatile...

Fundamental research is imperative as macro headwinds rise.

By Michael Della Vedova & Stephen Marsh

November 2022 / MULTI-ASSET STRATEGY

Markets May Need More Than a Fed Pivot to Cure Woes

Markets May Need More Than a Fed Pivot to...

For sustained gains, markets need a Fed pivot and positive outlook.

By Timothy C. Murray

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

November 2022 / VIDEO

The Rise of Streaming Video Won’t Lift All Boats

The Rise of Streaming Video Won’t Lift All...

The streaming revolution is forcing legacy media companies to play catch-up. Passing...

By Daniel Shear

Daniel Shear Media/Telecom Analyst, U.S. Equity Division

November 2022 / INVESTMENT INSIGHTS

Australian Housing: Boom and Bust

From The Desk - October 2022

By Randal S. Jenneke

Randal S. Jenneke Head of Australian Equities

November 2022 / VIDEO

China—The Interplay of Policy, Growth, and Geopolitics

China—The Interplay of Policy, Growth, and...

How a slowing domestic economy, more restricted market access, and rising geopolitical...

By Christopher J. Kushlis & Benjamin Robins

October 2022 / MARKETS & ECONOMY

Global Markets Monthly Update

Keep up-to-date on our views on developments in global capital markets.

October 2022 / INVESTMENT INSIGHTS

Turmoil Creates Opportunity for Short Duration Bonds

Turmoil Creates Opportunity for Short Duration...

Fed hikes have pushed up yields on lower-risk bond allocations.

By Multiple Authors

October 2022 / INVESTMENT INSIGHTS

As Market Dynamics Pivot, Alpha Opportunities Are Set to Improve

As Market Dynamics Pivot, Alpha Opportunities...

The U.S. equity landscape is changing as key characteristics retreat from extremes.

By Josh Nelson

Josh Nelson T. Rowe Price Head of U.S. Equity

October 2022 / INVESTMENT INSIGHTS

Click Here—Has the Boom in Digital Advertising Peaked?

Click Here—Has the Boom in Digital Advertising...

Four key factors set to shape the outlook for digital advertising.

By Taymour Tamaddon

Taymour Tamaddon Portfolio Manager, T. Rowe Price US Large Cap Growth Equity Strategy

October 2022 / INVESTMENT INSIGHTS

The Case for a Strategic Allocation to High Yield Bonds

The Case for a Strategic Allocation to High...

Hybrid characteristics provide attractive risk/reward profile

By Kevin Loome & Ashley Wiersma

October 2022 / INVESTMENT INSIGHTS

Finding Opportunities in Evolving Fixed Income Markets

Finding Opportunities in Evolving Fixed Income...

Flexible multi-sector approach is essential as markets shift.

By Christopher P. Brown & Anna Dreyer

October 2022 / INVESTMENT INSIGHTS

Inflationary Forces Set to Overpower Disinflationary Trends

Inflationary Forces Set to Overpower Disinflationa...

The post-GFC environment of low rates appears to be over.

By Christopher Faulkner-MacDonagh, Alex Obaza & Blerina Uruçi

October 2022 / INVESTMENT INSIGHTS

Investing in Health Care’s Technological Transformation

Investing in Health Care’s Technological...

A wave of innovation underlies the success of mRNA vaccines.

By Ziad Bakri

Ziad Bakri Portfolio Manager, Health Sciences Equity Strategy

October 2022 / VIDEO

A Brief History of Emerging Markets Debt

Mike Conelius draws on a career spanning 25 years to trace the evolution of the emerging...

By Michael J. Conelius & Benjamin Robins

October 2022 / INVESTMENT INSIGHTS

The Storm in Financial Markets Is Not Over Yet

The Storm in Financial Markets Is Not Over...

Inflationary pressures may be receding, however.

By Nikolaj Schmidt

Nikolaj Schmidt Chief Global Economist

October 2022 / VIDEO

Midterm Election Preview: What Investors Need to Know

Midterm Election Preview: What Investors...

Regardless of the election’s outcome, federal agencies will be an important tool...

By Michael Pinkerton

Michael Pinkerton Associate Analyst

October 2022 / ASSET ALLOCATION VIEWPOINT

Outlook May Favour High Yield Bonds Over Equities

Outlook May Favour High Yield Bonds Over...

High yield bonds could offer a yield advantage relative to equities

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

Q3 2022 Show

October 2022 / INVESTMENT INSIGHTS

A Flexible Bond Approach to Help Navigate Volatile Markets Article Fragmen...

A Flexible Bond Approach to Help Navigate Volatile Markets Article Fragment

A Flexible Bond Approach to Help Navigate...

How the T. Rowe Price Dynamic Global Bond Fund may help during this challenging environmen...

By Arif Husain

Arif Husain CIO, Head of International Fixed Income, Lead Portfolio Manager, T. Rowe Price Dynamic Global Bond Fund

September 2022 / INVESTMENT INSIGHTS

How Value Can Benefit From a New Investment Cycle

How Value Can Benefit From a New Investment...

Four factors set to drive a boom in capital expenditure.

By Ernest C. Yeung

Ernest C. Yeung Portfolio Manager, Emerging Markets,Discovery Equity Strategy

September 2022 / INVESTMENT INSIGHTS

Market Turbulence Puts Active Management in the Spotlight

Market Turbulence Puts Active Management...

Refocusing on company fundamentals favors quality stock picking

By Josh Nelson

Josh Nelson T. Rowe Price Head of U.S. Equity

September 2022 / INVESTMENT INSIGHTS

Complexity Brings Opportunity—Key Dynamics Shaping European Equities

Complexity Brings Opportunity—Key Dynamics...

Tobias Mueller sheds light on Europe on his three-year milestone.

By Tobias Mueller

Tobias Mueller Portfolio Manager, T. Rowe Price European Select Strategy

September 2022 / INVESTMENT INSIGHTS

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

Adjusting Asset Allocation for ESG Preferences

A systematic portfolio construction framework to reflect ESG considerations.

By Multiple Authors

September 2022 / VIDEO

Shining a Spotlight on Emerging Markets Investing

Sustainable Investing in Developing Countries

By Samy Muaddi & Benjamin Robins

September 2022 / VIDEO

Shining a Spotlight on Emerging Markets Investing

Latin America’s Swing to the Left

By Aaron Gifford & Benjamin Robins

September 2022 / INVESTMENT INSIGHTS

Contrarian Investing During a Sell-Off: An Update

Contrarian Investing During a Sell-Off: An...

High inflation and rising rates complicate the analysis

By Megumi Chen, Sébastien Page & Som Priestley

September 2022 / INVESTMENT INSIGHTS

2022 Aggregate Proxy Voting Summary

A closer look at key trends in T. Rowe Price’s proxy voting activity over the past...

By Donna Anderson & Jocelyn Brown

September 2022 / VIDEO

The Case of Dynamic Global Bond

By Amanda Stitt

Amanda Stitt Portfolio Specialist

September 2022 / INVESTMENT INSIGHTS

Fed’s Inflation Fight Likely to Persist

Steady rise in cost of services clouds inflation outlook.

By Timothy C. Murray

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

September 2022 / INVESTMENT INSIGHTS

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

September 2022 / INVESTMENT INSIGHTS

Some Thoughts on Bear Markets and Recessions

Making sense of turbulent markets in 2022

By Rahul Ghosh

Rahul Ghosh Portfolio Specialist, Global Equity Strategies

August 2022 / INVESTMENT INSIGHTS

Why Active Duration Management Matters

As market dynamics twist and turn, a flexible approach delivers results

By Arif Husain

Arif Husain CFA, CIO, Head of International Fixed Income, Lead Portfolio Manager, Dynamic Global Bond Strategy

August 2022 / INVESTMENT INSIGHTS

China: Embracing Uncertainty

And Identifying Good Opportunities

By Wenli Zheng

Wenli Zheng Regional Portfolio Manager

August 2022 / INVESTMENT INSIGHTS

The Bond Bear Market Appears Over—For Now

An early recession should reduce the chance of aggressive rate hikes.

By Kenneth A. Orchard

Kenneth A. Orchard Portfolio Manager, Fixed Income Division

August 2022 / INVESTMENT INSIGHTS

Global Impact Credit Strategy 2021 Annual Report

Global Impact Credit Strategy 2021 Annual...

Our Global Impact Credit Strategy annual report articulates the decisions we have...

By Matthew Lawton

Matthew Lawton Portfolio Manager

August 2022 / INVESTMENT INSIGHTS

Winning by Not Losing: Building Portfolios for a More Challenging World

Winning by Not Losing: Building Portfolios...

Generating positive returns in tougher conditions requires new thinking.

By Multiple Authors

August 2022 / INVESTMENT INSIGHTS

This Time, the U.S. Value Rotation May Have Longevity

This Time, the U.S. Value Rotation May Have...

More persistent inflation and rising interest rates change the landscape

By Gabriel Solomon

Gabriel Solomon Portfolio Manager, US Large‑Cap Value Equity Strategy

August 2022 / INVESTMENT INSIGHTS

Meet Hari Balkrishna

Portfolio Manager, Global Impact Equity Strategy

By Harishankar Balkrishna

Harishankar Balkrishna Portfolio Manager, Global Impact Equity Strategy

August 2022 / INVESTMENT INSIGHTS

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

August 2022 / INVESTMENT INSIGHTS

Are Frontier Markets Still the Great Untapped Opportunity?

Are Frontier Markets Still the Great Untapped...

This dynamic part of the global equity market remains significantly neglected.

By Johannes Loefstrand

Johannes Loefstrand Portfolio Manager, T. Rowe Price Frontier Markets Equity Strategy

August 2022 / INVESTMENT INSIGHTS

A Fall in Earnings Estimates Could Worsen Sell-Off

A Fall in Earnings Estimates Could Worsen...

Attractive stock prices are based on optimistic earnings estimates.

By Timothy C. Murray

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

August 2022 / INVESTMENT INSIGHTS

Attractive Income Bolsters High Yield Bonds

Recent downturn may also offer price appreciation opportunities.

By Kevin Loome & Ashley Wiersma

July 2022 / INVESTMENT INSIGHTS

Prices And Parallels To The Past – From The Desk June 2022

Prices And Parallels To The Past – From The...

By Randal S. Jenneke

Randal S. Jenneke Head of Australian Equities

July 2022 / VIDEO

The Road to Net Zero

This video highlights net zero insights from our ESG Investing Annual Report, including...

By Véronique Chapplow

Véronique Chapplow Investment Specialist

July 2022 / VIDEO

Clean Energy Transition Should Be a Tailwind for Utilities

Clean Energy Transition Should Be a Tailwind...

The clean energy transition should be a long-term tailwind for utility stocks.

By Vineet Khanna

Vineet Khanna Investment Analyst

July 2022 / INVESTMENT INSIGHTS

Active Stock Choices Are Key in Volatile Times

Active Stock Choices Are Key in Volatile...

Steering through complex dynamics within global equities.

By Scott Berg

Scott Berg Portfolio Manager, Global Growth Equity Strategy

July 2022 / INVESTMENT INSIGHTS

Will Signs of Peak Inflation Bring About a Turnaround in “Growth” Stocks?

Will Signs of Peak Inflation Bring About...

Headwinds diminishing and valuations now more attractive.

By Laurence Taylor

Laurence Taylor Portfolio Specialist, Global Equities

July 2022 / INVESTMENT INSIGHTS

Economic Headwinds Are Proving Stronger Than Expected

Economic Headwinds Are Proving Stronger Than...

The challenges facing the global economy will not abate soon.

By Nikolaj Schmidt

Nikolaj Schmidt Chief International Economist

July 2022 / INVESTMENT INSIGHTS

Reports of the Death of EM Debt Are Exaggerated

Spreads are attractive compared with other asset classes.

By Samy Muaddi & Benjamin Robins

July 2022 / INVESTMENT INSIGHTS

Value Has Returned to High Yield

Fundamentals are strong, and spreads are attractive.

By Stephen Marsh & Michael Della Vedova

July 2022 / ASSET ALLOCATION VIEWPOINT

Tech Stock Valuations Have Become Reasonable

Despite the recent rout, tech stocks are still not cheap.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

July 2022 / EMERGING MARKETS

Emerging Markets Face a Highly Varied Growth Outlook

Emerging Markets Face a Highly Varied Growth...

Inflation and monetary policies are not affecting regions equally

By Christopher J. Kushlis

Christopher J. Kushlis Asia Sovereign Analyst, London

July 2022 / INVESTMENT INSIGHTS

Fixed Income—New Dynamics Demand Fresh Thinking

Fixed Income—New Dynamics Demand Fresh Thinking...

How changing markets require investors to think and act differently.

By Arif Husain

Arif Husain Head of International Fixed Income and CIO

July 2022 / VIDEO

Consumers Are Financially Strong, But Inflation Looms

Consumers Are Financially Strong, But Inflation...

Government stimulus and a robust labor market have resulted in strong consumer balance...

By Pranay Subedi

Pranay Subedi Credit Analyst