Managing to the Other Side

T. Rowe Price
By December 16, 2020 09:15

Managing to the Other Side

2021 Global Market Oultook

New vaccines could accelerate recovery, boost cyclical sectors

The 2020 global pandemic tested the ability of companies and investors to manage their way through an unforeseen and dangerous period. However, T. Rowe Price investment leaders believe the other side of that journey could come into view in 2021 if new vaccines and continued fiscal and monetary stimulus add momentum to the economic recovery.

Rapid progress with a first wave of new vaccines based on messenger RNA (mRNA) technology clearly is the most …

Key Insights 

  • New coronavirus vaccines offer a potential lift for economies in 2021. However, a spike in COVID‑19 cases could slow recovery in the first quarter. 
  • Economic improvement could shift spending from firms that gained during the pandemic to cyclical names damaged by it, potentially favoring value over growth.
  • Fixed income investors will need to be creative in 2021, as low yields and tighter credit spreads could make attractive returns harder to find.
  • Social and economic upheaval caused by the pandemic could worsen political divisions. Tensions between the U.S. and China are another potential flashpoint.
  •  

Asset Manager

Invest with confidence

T. Rowe Price is an independent investment management firm focused on helping clients meet their objectives and achieve their long-term financial goals. We offer a broad range of equity, fixed income and multi-asset strategies across multiple asset classes, regions, capitalisations, sectors and styles.

Website:www.troweprice.com

Michel van Mazijk
Relationship Manager
Tel: +31 20 333 6202
michel.van.mazijk@troweprice.com

Manon Savelkouls
Relationship Manager
Tel: +31 20 333 6208
manon.savelkouls@troweprice.com

T. Rowe Price
By December 16, 2020 09:15

SEARCH