Value stocks have seen a comeback since late last year after a decade-long period of underperformance versus growth. More recently, however, the initial rally has faded and growth stocks have regained ground, leading many investors to question the longer-term outlook for Value stocks. Is this another false promise, or is Value here to stay this time?
In trying to put into perspective where Value investing stands today, it will be important for investors to understand the key market drivers that can potentially sustain Value’s resurgence from here. Join us on 23 September at 10:00am BST / 11:00am CET where Sebastien Mallet and Andrew Clifton will discuss the current market dynamic, examine the key considerations for Value investors and how to best capture the global opportunity across the investment cycle.
"History doesn't repeat itself, but it often rhymes". 22 years ago Value investing was declared obsolete, what followed was a decade of Value outperformance in Emerging Markets.
At this event, Associate Portfolio Manager Haider Ali will assess whether extreme style divergence means another decade of Value outperformance could be round the corner. They will also explain how we hunt for "forgotten" stocks that we believe are under-owned and under-researched by mainstream investors.
Technological innovation and disruption are evident to all of us in our daily lives, whether at home or at work. In 2020, with the COVID pandemic, it was the digital world that helped solve many of the issues people around the world were experiencing in all aspects – from communication to shopping and entertainment. Many technology companies experienced significant growth as a result.
With investors starting to think about the world on the other side of COVID, 2021 has been a more challenging year for technology stocks. In this webinar, Alan Tu discusses with Nick Beecroft the current market dynamic, and how investors in technology assets can best position themselves to benefit from the ongoing growth the asset class offers.
The first half of 2021 has very much felt like the “in between” of a COVID--dominated world and a post‑COVID‑19 one, and it’s something we have been speaking about with clients for some time. It’s an extremely complex environment for investors to navigate, with markets characterised by volatility and rotation. As we move through and beyond this in‑between phase, however, it’s critical for investors to imagine which companies will evolve, or re-emerge, as improving economic return “winners”.
Please join David Eiswert, Portfolio Manager, Global Focused Growth Equity Strategy, and Laurence Taylor, Portfolio Specialist, on 24th June, as they share their insights on the outlook for global equity markets and how the team is positioning client portfolios to take advantage of these dynamics. At the heart of the conversation will be a forward-looking discussion on the global economy, inflation, recovery, COVID management and ultimately, the sustainability of the equity cycle.
Japan markets experienced something of a turnaround in the early part of 2021 as cheap valuations of companies that had been severely affected by the pandemic started attracting interest from investors, while fears of a pick-up in stimulus-led inflation further helped drive the large rally in value and low-quality stocks. While a global recovery should provide a cyclical tailwind for its equity markets, Japan continues to face challenges overcoming the virus.
Please join Archibald Ciganer, portfolio manager, and Dan Hurley, portfolio specialist, on 14 June at 10:00am BST / 11:00am CET, when they will discuss the current market environment and outlook for investors in Japan equities. They’ll also review recent performance and current positioning of our Japan Equity Strategy, and specifically how Archie’s been managing his quality-growth bias portfolio through a value-led, cyclical rally.
Moderator: Caleb Fritz Panelists: John Linehan, Sebastien Mallet, and Sebastien Page
Value stocks have outperformed growth stocks since the fourth quarter of 2020, as economic activity resumed amid the rollout of vaccines targeting the novel coronavirus. After a decade-plus of dominance for growth equities, many institutional investors were structurally underweight value, causing some to miss the recent rally. With the tactical “reopening” trade potentially behind us, we believe investors should consider the merits of a long-term allocation to value stocks to potentially benefit from improved returns, enhanced diversification, and exposure to future changes in style leadership. Some of our firm’s most experienced investors share key fundamental and asset allocation considerations on the recent style rotation and what they believe may come next.
Join director of credit research Justin Gerbereux, on 2 June at 12:00 BST / 13:00 CET, for an overview of the global credit opportunity for the second half of 2021, discussing relative value across high yield, investment grade and emerging markets credit.
We will then turn to focus on Asia credit, which we continue to see as a compelling opportunity. Director of emerging markets credit research Carolyn Chu will join us from Hong Kong to discuss this asset class that, while still viewed by some investors as ‘niche’, is increasingly becoming a force to be reckoned with.
We think this live discussion will offer plenty of practical insights for investors as they think about their asset allocation in the coming months. Please join us for Q&A afterwards.
Moderator: Jan Eggertsen, head of distribution for the Nordic region
Sustained hopes for a global economic recovery in a COVID-off environment, expectations for higher inflation and pockets of extreme asset valuation levels have prompted some investors to call a market leadership rotation from growth to value stocks. It is always hard to determine exactly what causes a cycle to flip, but given the current valuation disparities, we do believe cyclical areas of the market have room to run in the short to intermediate term.
Please join Eric Papesh, portfolio specialist, on 19 May at 10:00am BST / 11:00am CET, as he assesses these dynamics and the implications for US equity investors. Specifically, he’ll discuss the outlook for our US Large Cap Value Equity Strategy, reviewing recent performance and current positioning.
Laurence Taylor, Portfolio Specialist, reviews the latest performance and positioning of the T. Rowe Price Global Focused Growth Equity Strategy, as well as considering the implications of the current market conditions.
Join Yoram Lustig - Head of Multi-Asset Solutions EMEA & LATAM, on 29 April at 10:00am BST / 11:00am CET, as he discusses key asset allocation themes and where he sees opportunities and risks in the current environment.
What next as focus shifts from infection rates to inflation rates? Should investors brace for higher inflation? Yoram will provide his views on the main themes we see driving global markets today, and the implications for asset allocators.
At T. Rowe Price we strive to provide clients with valuable insights to help inform their decision-making, so we are pleased to offer CPD qualification (accredited by CISI) for this webinar.
You will also be able to put your questions directly to Yoram during the session.
US equity markets have already experienced several twists and turns since the start of the year. Hopes over stimulus packages, vaccines and a sustained economic recovery have seen major indices hit record highs. Those same hopes, however, have caused inflation fears to resurface and led to bouts of market uncertainty, particularly around high growth tech stocks.
Please join Julian Cook, portfolio specialist, on 31 March at 10:00am BST / 11:00am CET, as he assesses the current market environment and the implications for US equity investors. Specifically, he’ll discuss the outlook for our US Large Cap Growth Equity Strategy, reviewing recent performance and current positioning.