Content (55)
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White papersESG Annual Report 2019
Our 2019 ESG Annual Report details our comprehensive ESG investment integration, company engagement, and proxy voting activities for the year.
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White papers
The EU Recovery Fund: An Unprecedented Step, But No Panacea
The European Union’s EUR 750 billion recovery fund is a historic move that will facilitate fiscal transfers from richer to poorer members—a possible first step toward fiscal integration for the bloc.
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White papers
Emerging Markets Are Leading the Way in Fintech
The rapid proliferation of mobile phones and improving internet connectivity in emerging markets has meant many consumers have leapfrogged traditional financial service offerings straight to online solutions. Financial inclusion has become even more important during the coronavirus pandemic, and we see post-pandemic opportunities for fintech companies to take advantage.
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White papers
Investing Through the Pandemic
Governments are doing all they can to help business and workers get through the recession caused by the coronavirus. There will be winners and losers due to the coronavirus, fertile ground for bottom-up stock pickers. We believe we are in the early stages of a new equity cycle. In a lower-growth post-coronavirus world, emerging markets may become more important to investors.
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White papers
Rising Climate Change Risk Not Yet Factored in by Markets
Despite increased attention and concern, climate change factors have only had a significant impact on the valuations of those sectors most directly impacted, such as fossil fuel producers. In our view, the limited impact of these factors on the near-term cash flows of the broader market is masking longer-term risks.
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White papers
Better Virus Control May Help Europe to Outperform the U.S.
Stricter lockdown measures could boost short‐term performance.
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White papers
Looking at Emerging Market Bonds Through New Lenses
Where next for emerging market (EM) bonds? Significant recent developments, including the crash in oil prices and the launch of quantitative easing programs in a number of EM countries, are expected to have an impact on the asset class for the rest of 2020 and possibly beyond.
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White papers
How We’re Investing Through the Coronavirus Pandemic
Rob Sharps, head of Investments and Group CIO, says T. Rowe Price investment managers see a broad range of opportunity as well as risks.
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White papers
Consensus Expectations May Be Overestimating the Recovery Trajectory
The continuing threat posed by the coronavirus, necessitating ongoing social distancing, means it is hard to gauge how long the current economic disruption might last. Consequently, we believe consensus expectations may be overestimating the trajectory for improvement and that a return to a “normalized” environment may take longer than anticipated.
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White papers
The Eurozone Faces a Deep Recession, Not a Debt Crisis
The eurozone economy will be hit by Europe’s sharpest recession since World War II in the first half of this year, but it will likely withstand its impact before bouncing back strongly in the second half. Asset purchases by the European Central Bank will help member countries to absorb the fiscal hit from coronavirus and provide strong support for sovereign bonds.
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White papers
The Five Stages of a Market Crisis
The Kübler‐Ross model, also known as the five stages of grief, famously outlines a series of emotions experienced by terminally ill patients prior to death or by people who have lost a loved one. Beginning with denial, the model describes paths through each subsequent stage: anger, bargaining, depression, and acceptance.
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White papers
Oil Shock Requires Deft Investing Touch
An unprecedented level of demand destruction—thus far equivalent to roughly one‐third of global crude consumption—has decimated oil prices, briefly driving them into negative territory. Energy stocks have also been pummeled.
