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  • Investing strategies, ideas, and trends from our fund managers.

      Charles Shriver  

    on July 25, 2014

    Having recovered from the financial crisis, global stock and bond markets are no longer the bargain they once were, but the general economic backdrop and expectations for a pickup in earnings growth remain supportive for further possible gains, says Charles Shriver, manager of the T. Rowe Price Global Allocation Fund, a globally diversified...


    European Central Bank Encourages Lending

    July 22, 2014

    The European Central Bank's (ECB) latest easing measures are bold, but are they enough to alleviate tight financial conditions and achieve the desired level of inflation in the eurozone? Below, Ken Orchard, T. Rowe Price's portfolio manager of European Fixed Income, discusses the new funding facility, targeted longer-term refinancing operations.

    Opportunities Emerge Despite Ukraine Woes

    June 20, 2014

    With the election of a new president in Ukraine and the recent de-escalation of the crisis there, the Russian stock market has soared over the past month. Ulle Adamson, interim manager of the T. Rowe Price Emerging Europe Fund, expects tensions to continue subsiding and says attractive investment opportunities are emerging.

    Emerging Market Debt Offers Good Value

    June 20, 2014

    After significantly underperforming last year, emerging market bonds have rebounded and become a leading fixed income sector this year. Mike Conelius, manager of the Emerging Markets Bond Fund, says fundamentals and the geopolitical environment are improving in emerging markets and that valuations remain relatively attractive.

    Is the U.S. Manufacturing Sector Rebooting?

    May 23, 2014

    In recent years, companies in a range of industries have decided to move production back to North America, reversing a decades-old pattern of outsourcing to China and elsewhere. Many analysts are hopeful that such "in-sourcing" will help drive U.S. economic growth in the coming years, primarily by boosting manufacturing employment.

    Interpreting Signals From Markets Overseas

    May 23, 2014

    The international investment landscape paints a mixed picture, but there are reasons for optimism. A modest economic recovery continues in Europe as concerns about the sovereign debt crisis have abated. However, European markets have performed well, so valuations are not as compelling but remain reasonable.

    The Staying Power of High-Quality Stocks

    May 20, 2014

    A new T. Rowe Price study found: Over the long run, the highest-quality stocks tended to deliver bigger gains relative to the overall market and to the lowest-quality stocks. The highest-quality stocks built up this advantage particularly by doing better than the broad market and the lowest-quality stocks in down markets.

    Expanding Your Fixed Income Universe

    April 23, 2014

    Bonds had their worst year in recent memory last year, with most sectors recording losses. Performance has rebounded in early 2014, but investors remain on guard as the Federal Reserve pulls back on the stimulus that has helped suppress bond yields.

    The New Face of Corporate Japan

    April 17, 2014

    The weaker yen and the recovery in economic activity have provided the ingredients for Japan's recent stock market success. Evidence of a cultural shift within Japanese corporations is inspiring the next wave of confidence in Japan.

    Retirement Investing Based On Your Needs

    March 19, 2014

    It's a simple but unsettling reality: "Too many individuals are unprepared for retirement," says Jerome Clark, portfolio manager of the Retirement Funds and co-portfolio manager of the Target Retirement Funds. "So it's critical that they understand the risks and choose investments that maximize their opportunity for financial success in retirement."

    A Bright Spot in Global Frontier Markets

    February 24, 2014

    Structural reforms and strong economic growth are fueling equity outperformance and attracting increasing investor interest in the Africa and Middle East region.

    Stronger Earnings Key to European Economy

    February 20, 2014

    Despite market weakness early in the year, the European macroeconomic picture is beginning to improve, as seen by data in manufacturing and other economic indicators. However, European corporate earnings have yet to materially recover.

    Searching Globally for Next Technology Leaders

    December 19, 2013

    The pace of change in the technology sector and the rapid diffusion of innovation necessitate a global search for tomorrow's technology leaders. While U.S. firms are dominant in some areas, leaders in other segments can be found in burgeoning technology centers around the globe that may become the Silicon Valleys of tomorrow.

    Investing in the New Europe

    December 16, 2013

    The T. Rowe Price European Stock Fund (PRESX) is investing in the region's burgeoning recovery. The fund aims to create long-term growth by investing in the common stocks of European companies.

    A Strategy to Maximize After-Tax Returns

    November 13, 2013

    Don Peters, portfolio manager of the T. Rowe Price Tax-Efficient Equity Fund, discusses strategies to minimize capital gains and maximize after-tax returns.

    Small-Caps: Digging Deeper for Opportunities

    November 7, 2013

    When the financial crisis erupted in 2008, small-cap stocks plummeted 35%, marking their worst year since the 1930s. In the market recovery since then, however, they have significantly outperformed large-cap stocks, particularly over the last 12 months.

    Short-Term Options for Bond Investors

    November 1, 2013

    The Federal Reserve's plan to begin "tapering" its asset purchases has heightened concerns among fixed income investors about rising interest rates and consequent bond portfolio losses. Rising interest rates typically lead to higher bond yields and falling bond prices—which lower bond values.

    The Eurozone Evolution

    October 23, 2013

    Europe has not completely regained its economic strength, but it is finally emerging from recession. Financial market performance has improved, while some periphery countries still have significant hurdles to overcome. In a recent interview, Dean Tenerelli and Ken Orchard discuss the European economy, the debt crisis, and the outlook for the future.

    Global Market Outlook: The Fed's Impact

    October 22, 2013

    After a solid start, global equity markets stumbled through the spring and summer. The news that the U.S. Federal Reserve would consider tapering its monthly asset purchases pressured global markets heavily, but September brought a rebound when the Fed decided to hold off.

    Adapting to a Rising Interest Rate Climate

    October 22, 2013

    After several years of outstanding returns, bond markets have struggled recently amid rising interest rates and potentially changing Federal Reserve policies. Bonds rallied late in the third quarter, though, as the Fed decided to postpone a planned tapering of its stimulative quantitative easing (QE) program.

    Frontier Markets Are Making Great Strides

    October 17, 2013

    Emerging markets have performed poorly for the last couple of years as economic growth has moderated and corporate earnings have been disappointing. However, frontier markets have performed better than many emerging markets as investors have recognized that robust domestic economic growth can translate into strong corporate earnings growth.

    Changes in China

    September 25, 2013

    China's shift toward an economic model emphasizing domestic consumption over government stimulus will have repercussions throughout the global economy. The resulting changes present investors with opportunities and risks.

    An International Focus on Growth And Value

    September 17, 2013

    The T. Rowe Price Spectrum International Fund invests in up to 13 T. Rowe Price international funds and employs broad diversification to pursue its goal of producing long-term capital appreciation.

    Global Investment Outlook Is Mixed

    September 5, 2013

    The U.S. economy has been gradually improving, supported by a favorable employment outlook, low inflation, and the housing market recovery. This encouraging news is likely to favor companies with strong profiles

    Are Emerging Markets Poised for a Comeback?

    August 26, 2013

    One of the most startling developments in global equity markets in recent years has been the stark contrast in performance between developed and emerging markets. After surging 79% in 2009 as markets rebounded from the financial crisis, emerging markets have gained, on average, only a 4% total return for the entire three-year period ended July 31, 2013.

    How Will Cash-Rich Firms Share Profits?

    August 26, 2013

    Large U.S. companies have been enjoying high profit margins, cash flows, and levels of cash on their books. Income-seeking investors have bid up prices on high dividend yield stocks. But T. Rowe Price managers say companies could return more of the cash to stockholders through dividends and share buybacks.

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