SPONSORED Global Equities: Embracing Uncertainty
While times like these are challenging for investors, we believe they can also help sharpen conviction in underlying investments. We have not made any wholesale changes. With a longer-term approach to investing, we believe the fear of others will continue to present us with attractive opportunities.
SPONSORED Utilities: A Potential New Growth Sector
The emergence of relatively low-cost renewable energy sources such as wind and solar, along with lower natural gas prices, and the conversion from coal to cheaper gas generation are transforming utilities into a growth sector that may offer some of the most favorable risk-adjusted return opportunities over the long term.
SPONSORED Looking Beyond Negative Yields
We believe that bonds will continue to provide benefits in terms of both portfolio diversification and return. However, with absolute yields at low or even negative levels in some markets, these benefits may be muted relative to historical patterns. These dynamics heighten the need to take an active, global approach to a fixed income allocation.
SPONSORED 2020 Global Market Outlook: Comfortable with the Uncomfortable
Central bank accommodation appears to have put the global economy on a reflationary course. Low or negative yields pose duration risks, but potential opportunities can still be found in credit sectors. We expect technology to continue to disrupt global sectors and industries. Geopolitical events could be triggers for market volatility in 2020.
E-commerce Disrupts Retail-Related Bonds SPONSORED
Internet retailers are fundamentally disrupting the traditional retail industry. This trend toward e-commerce is having a profound impact on some segments of the fixed income markets, with commercial mortgage-backed securities (CMBS) and corporate debt issued by retailers and real estate investment trusts (REITs) feeling the most meaningful effects.
Secular Risk Creates New Opportunities in High Yield Bonds SPONSORED
A growing number of companies are facing secular risks that could impair their long-term growth prospects. While this trend poses challenges for many traditional issuers of high yield bonds, it is also creating a new generation of companies in the high yield market that offer attractive opportunities.
Shopping for Potential in Latin America
T. Rowe Price equity analyst Paulina Amieva talks to management, suppliers, and customers in Mexico City.
Gauging the Potential in Automated Trains
T. Rowe Price equity analyst Andrew Davis visits a busy Ohio train yard.
Fixed Income: Investing in Troubled Countries
Volatility in emerging markets (EM) is to be expected when global conditions shift. Sell-offs in EM can be a good time to be contrarian by differentiating between the casualties and the survivors. We believe that identifying the different stages to a crisis and looking closely at troubled countries such as Turkey and Argentina can reveal opportunities to take advantage of potential recoveries.
Volatility, Political Risk, and Valuations—The Perfect Storm?
The next few years are likely to see a flow of money away from financial assets, hitting returns and leading to a spike in volatility. Emerging markets offer some attractive valuations at present, and the U.S. economy looks to be in good shape but may face headwinds further down the road.
Is U.S. Treasuries’ “Flight to Quality” Status Under Threat?
U.S. Treasuries have traditionally been regarded as the ultimate “flight to quality” asset, but it is unclear whether they will be so in future. One reason for this is that issuance is threatening to outstrip demand; another is that the traditional negative correlation between Treasuries and equities appears to be breaking down.
Balancing Yield and Risk in a Changing World
Enhanced yield is still available – a selective and broad approach is key.
Everybody Wins with Financial Wellness
Financially fit employees are happier, healthier, and more productive. Watch the video for the full story.