Content (79)
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White papersChina’s Reopening: Implications and Impact
Brisk reopening brings quicker consumption response.
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White papersThe Art of Actively Managing Interest Rate Risk
With volatility likely to persist, an active approach remains critical.
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White papersWhat Is Next for the AT1 Bond Market?
Credit Suisse write‐down does not spell the end of this market.
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White papersFostering Change With Impact Investing
Pursuing social and environmental impact alongside financial returns.
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White papersBank Contagion Appears Limited, but Failures Create Key Risks
Heightened liquidity constraints and disruption require deft investing touch.
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White papersDivest or Engage To Meet Climate Commitments?
The Russia/Ukraine war and the recent energy supply squeeze have brought into sharp focus investments in fossil fuel companies. 236 asset managers with nearly US$60trn of assets under management—including T. Rowe Price—have signed the Net Zero Asset Managers initiative (NZAMI).
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White papersHeadwinds for Equity Markets Starting to Diminish
Disinflationary forces point to a more benign environment.
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White papersThe Active Advantage in High Yield
There is a strong case to be made for active management in high yield bonds, in our view, with an active approach offering several advantages. Active management allows for fundamental analysis and security selection across the full high yield universe as well as the ability to nimbly reposition a portfolio to take advantage of macro trends.
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White papersA New Dollar Smile: Where Next for the U.S. Dollar?
Following decade-long appreciation, the TRP USD index has reached historically high levels, raising questions as to whether the U.S. dollar may be vulnerable to a possible rapid reversal. In this article, we explore the key drivers of forward (or subsequent) U.S. dollar returns, focusing specifically on those effects within extreme dollar return environments.
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White papersThe 2023 Inflation Outlook
Inflationary pressures have been a headwind for financial markets, so recent reports showing a declining trend in prices have been encouraging to investors. While moderating inflation may slow—or even pause—Fed hikes in the near term, we believe that an interest rate cut is unlikely if inflation settles above the Fed’s 2% target.
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White papersGlobal Market Outlook 2023 – The Need for Agility
Heading into 2023, capital markets have priced in a significant economic slowdown. Equity valuations have improved, but earnings estimates may be too optimistic. The 2022 bear market pushed yields to the most attractive levels since the global financial crisis. The world isn’t “deglobalizing,” but structural changes could create opportunities.
