Latest news with #RowePrice
Yahoo
4 days ago
- Business
- Yahoo
3 Mutual Funds to Grab on S&P 500's Continued Rally
Wall Street's rally gained momentum on Tuesday, with the S&P 500 and the Nasdaq both closing at fresh record highs after new data showed inflation rose less than expected. The S&P 500, in particular, has had an impressive run this year. After nearly slipping into a bear market in April, the index has staged a robust recovery and has been setting new records over the past month. The latest surge is fueled by renewed confidence in potential interest rate cuts and heavy domestic investments in the tech sector. Given the upbeat sentiment, it would be ideal to consider investing in large-cap growth funds. Three such funds are: T. Rowe Price Lrg Cp Gr I TRLGX, JPMorgan U.S. GARP Equity I JPGSX and Fidelity Contrafund FCNTX. S&P 500 Hits Another Milestone On Tuesday, the S&P 500 climbed 1.1% to close at 6,445.76 points, setting its seventh record close in less than a month and its 16th for the year. The rally gathered steam after CPI data suggested that inflation rose just 0.2% in July, down from 0.3% in May and below the consensus estimate of a 0.3% rise. Year over year, CPI advanced 2.7%, also below economists' expectations of a rise of 2.8%. Core CPI, which excludes the volatile food and energy prices, was up 0.3% in July, matching expectations, while the annual core figure came in at 3.1%, marginally above the consensus estimate of a rise of 3%. Concerns had been mounting that President Donald Trump's tariffs could drive up prices and slow the economy, but the softer inflation reading eased those worries and boosted hopes for a September rate cut. Following the report, markets priced in a 94% probability of a 25-basis-point cut, up from 85% before the release. Investor Confidence Boosting the S&P 500 This year has been a rollercoaster for the S&P 500. After hitting a record high in February on optimism over Trump's pro-business stance, the index plunged in April when his administration introduced sweeping tariffs, sparking fears of a trade war. By April, it had fallen nearly 18% for the year, coming close to bear market territory. The rebound started after Trump paused tariffs, initiated talks with U.S. trade partners, and finalized trade deals with multiple countries. Since then, the index has been on a steady climb, gaining 2.8% in the past month and 9.6% so far this year. Large-Cap Growth Funds With Upside We have selected three large-cap growth funds that are poised to gain from the above factors. Moreover, these funds have encouraging three and five-year returns. The minimum initial investment is within $5000. We expect these funds to outperform their peers in the future. Remember, the goal of the Zacks Mutual Fund Rank is to guide investors in identifying potential winners and losers. Unlike most of the fund-rating systems, the Zacks Mutual Fund Rank is not just focused on past performance but also on the likely future success of the fund. The question here is: why should investors consider mutual funds? Reduced transaction costs and diversification of portfolio without several commission charges that are associated with stock purchases are primarily why one should be parking money in mutual funds (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money). T. Rowe Price Lrg Cp Gr I fund seeks to provide long-term capital appreciation through investments in common stocks of growth companies. TRLGX normally invests at least 80% of its net assets in the common stocks of large companies. T. Rowe Price Lrg Cp Gr I fund has a track record of positive total returns for over 10 years. Specifically, TRLGX's returns over the three and five-year benchmarks are 25.9% and 15.7%, respectively. The annual expense ratio of 0.55% is lower than the category average of 0.94%. TRLGX has a Zacks Mutual Fund Rank #1. To see how this fund performed compared to its category, and other #1 or 2 Ranked Mutual Funds, please click here. JPMorgan U.S. GARP Equity I fund seeks long-term growth of capital. Under normal circumstances, JPGSX invests at least 80% of its assets in equity investments of large- and mid-capitalization U.S. companies. JPMorgan U.S. GARP Equity I fund has had a track record of positive total returns for over 10 years. Specifically, JPGSX returns over the three and five-year benchmarks are 25.6% and 18.7%, respectively. JPGSX has a Zacks Mutual Fund Rank #1 and an annual expense ratio of 0.59%. To see how this fund performed compared to its category, and other #1 or 2 Ranked Mutual Funds, please click here. Fidelity Contrafund seeks capital appreciation. FCNTX invests primarily in the common stock of companies whose value management believes is not fully recognized by the public. Fidelity Contrafund has a track record of positive total returns for over 10 years. Specifically, FCNTX's returns over the three and five-year benchmarks are 28.4% and 18.2%, respectively. FCNTX has an annual expense ratio of 0.59%, which is lower than its category average. To see how this fund performed compared to its category and other #1 or 2 Ranked Mutual Funds, please click here. Want key mutual fund info delivered straight to your inbox? Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (FCNTX): Fund Analysis Report Get Your Free (TRLGX): Fund Analysis Report Get Your Free (JPGSX): Fund Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
09-06-2025
- Business
- Yahoo
T. ROWE PRICE RELEASES 2025 MIDYEAR INVESTMENT OUTLOOK
Investing in a post-globalization world with reconfigured global trade necessitates a careful assessment of market opportunities and risks BALTIMORE, June 9, 2025 /PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, released its midyear outlook for global financial markets for the remainder of 2025. Underpinning the outlook for the next six months is an accelerated trend toward deglobalization, a tariff-driven reconfiguration of global trade, an expected broadening of stock market opportunities globally beyond U.S. equities and mega-cap tech stocks, and a bond market regime change driven by trade policy changes and German fiscal expansion. Some key takeaways from the 2025 Midyear Market Outlook include: Economics: The global economy is under pressure from multiple directions. Trade war fallout could slow the global economy. U.S. fiscal and tax policy will likely take center stage in the second half of the year. Expect rising costs for businesses and a reduction in consumer purchasing power. Equities: The broadening of equity markets should continue, reducing the U.S./mega-cap market concentration of recent years in favor of value stocks and select emerging markets. Fixed income: The fundamental shift in the global fixed income landscape is manifested in above-target inflation in some developed markets, especially the U.S. Corporate bonds are likely entering an economic downturn with historically high credit quality, positioning them more defensively than in the past. Multi-asset: Inflation protection and equity diversification will receive renewed emphasis in T. Rowe Price multi-asset portfolios. Inflation protected bonds and real assets can provide effective hedges against expected inflation. More attractive valuations signal favoring international and value equities in determining multi-asset portfolio allocations. While there continues to be a place for both active and passive management in investors' portfolios, this challenging market environment, including higher interest rates, more volatile markets, and greater policy uncertainty, supports the conditions for active managers to outperform. QUOTES Blerina Uruçi, chief U.S. economist "The U.S. administration's tariffs—combined with any retaliatory measures from its trading partners—will deliver a supply shock to the U.S. and a demand shock to the rest of the world, including China and Europe. The severity of these shocks will depend on the outcome of ongoing trade negotiations and legal challenges, but it seems certain that the world's two largest economies, the U.S. and China, will experience lower economic growth than projected at the beginning of the year—and the ramifications of this will be felt across the globe, irrespective of any individual trade deals struck." Josh Nelson, head of Global Equity "An expanding opportunity set in stock markets was on its way prior to last year's U.S. presidential election; the trade policies implemented since then have merely sped up the process. We believe this will lead to an expansion of investable stocks in the U.S. and abroad. We are returning to an investing environment in which more sectors and regions can generate meaningful returns—an environment demanding diversification and favoring active management. The broadening of equity market leadership is likely to favor value stocks and select emerging markets." Ken Orchard, head of International Fixed Income "The U.S. administration's tariffs and the massive German fiscal expansion have broken historical precedent and shifted the global fixed income landscape, resulting in a weaker outlook for developed market sovereign bonds and a stronger one for credit and some emerging markets. The likelihood of a global recession—with the U.S. leading the downturn—has also increased. However, instead of a traditional recession, what may transpire—especially in the U.S.—is a longer period of subpar growth with both higher unemployment and higher inflation." Tim Murray, Capital Markets strategist "In times of rapid geopolitical change, we tend to lean more heavily than usual on asset class valuations when making portfolio allocation decisions. Even after the concentrated selling pressure on growth stocks and value's relative outperformance in early 2025, value stocks look relatively more attractive than growth stocks moving forward. In a typical economic growth downturn or recession, we would expect U.S. equities to hold up better than international stocks. But we believe the underlying dynamics of this year's slump may be different, leading us to modestly favor non-U.S. shares." ABOUT T. ROWE PRICE Founded in 1937, T. Rowe Price (NASDAQ: TROW) helps people around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Investors rely on the award-winning firm for its retirement expertise and active management approach of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price manages USD $1.56 trillion in assets under management as of April 30, 2025, and serves millions of clients globally. News and other updates can be found on Facebook, Instagram, LinkedIn, X, YouTube, and IMPORTANT INFORMATION This material is being furnished for general informational and/or marketing purposes only. The material does not constitute or undertake to give advice of any nature, including fiduciary investment advice, nor is it intended to serve as the primary basis for an investment decision. Prospective investors are recommended to seek independent legal, financial, and tax advice before making any investment decision. The T. Rowe Price group of companies, including T. Rowe Price Associates, Inc., and/or its affiliates, receives revenue from T. Rowe Price investment products and services. Past performance is not a reliable indicator of future performance. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested. T. Rowe Price Investment Services, Inc., distributor. T. Rowe Price Associates, Inc., investment adviser. T. Rowe Price Associates, Inc., and T. Rowe Price Investment Services, Inc., are affiliated companies. © 2025 T. Rowe Price. All Rights Reserved. T. ROWE PRICE, INVEST WITH CONFIDENCE, and the Bighorn Sheep design are, collectively and/or apart, trademarks of T. Rowe Price Group, Inc. View original content to download multimedia: SOURCE T. Rowe Price Group Sign in to access your portfolio
Time of India
02-06-2025
- Business
- Time of India
Are you falling behind? The age-by-age breakdown of how much Americans should have saved for retirement by now
Most Americans are anxious about their savings and retirement plan, a survey by Capital One and The Decision Lab revealed that 77% of US adults are anxious about their personal finances, while an Allianz Life survey found that 64% of adults fear outliving their savings more than death itself, reported Moneywise. Know your savings benchmarks But, people can feel more secure by checking if their retirement savings are on track depending on their age and income, as per the report. Analysts at financial giant T. Rowe Price wrote about retirement savings benchmarks to aim for based on age and salary, reported Moneywise. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Alarme Verisure Monitorado 24h Alarme Verisure Solicite orçamento Undo ALSO READ: Poll shows AOC is one of only three U.S. politicians with net positive image, Trump and Harris trail behind In your 30s: Get serious about saving According to the report, T. Rowe Price has advised having 1x to 1.5x of one's annual income saved by their mid-to-late 30s to stay on track for retirement, as it is a crucial time to start increasing savings. For example, if a person earns $70,000 each year, they need to save about $70,000 to $105,000 in financial assets to be on track for a peaceful retirement plan, as per Moneywise. Live Events In your 50s: Time to double down While the analysts have recommended that a person should save 3.5x to 5.5x their annual income in their 50s to be on track to retire comfortably, reported Moneywise. For instance, if a person's annual income is $100,000, then they should save about $550,000 in total assets, according to the report. Boost your savings rate T. Rowe Price's team has also advised increasing one's annual savings rate to 15% of their income or more, reported Moneywise. The analysts wrote, "We found that 15% of income per year (including any employer contributions) is an appropriate savings level for many people, but higher earners should likely aim beyond 15%,' as quoted in the report. In your 60s: Nearing the finish line The analysts also mentioned that in the 60s, one must save 7.5x to 13.5x their annual salary in net assets to retire in a financially secure position, as per Moneywise. This means if a person is earning $120,000, then they must save at least $1.62 million in total wealth to consider leaving the workforce, reported Moneywise. FAQs How do I know if I'm saving enough for retirement? Compare your current savings to the age-based benchmarks and adjust your plan accordingly. I'm in my 30s and just starting to save, is it too late? Start with whatever you can and aim to build toward 1 to 1.5 times your annual salary over the next few years.
Reuters
13-03-2025
- Business
- Reuters
Exclusive: T. Rowe Price's head of governance Donna Anderson to retire at year-end
NEW YORK, March 13 (Reuters) - Donna Anderson, who heads corporate governance at T. Rowe Price (TROW.O), opens new tab and has been a powerful voice on a range of hot-button topics in the investment world, intends to retire at the end of this year, the asset manager told Reuters. T. Rowe Price, one of the world's most powerful investment firms with $1.6 trillion in assets under management, confirmed information from three sources familiar with the matter that Anderson plans to leave her position. "Donna Anderson has informed us of her decision to retire from her role ... effective at the end of this year, and we have begun transitioning her work to a successor," Eric Veiel, Head of Global Investments and Chief Investment Officer at T. Rowe Price, told Reuters in an email. Anderson, 56, did not respond to a request for comment. T. Rowe Price has not yet named a successor for Anderson, who joined the Baltimore-headquartered asset manager in 2007. For nearly two decades, Anderson spearheaded T. Rowe Price's interactions with hundreds of companies as issues including chief executive pay, the make-up of corporate boards, and environmental, social and governance policies, became increasingly important. "She is an incredibly well-respected leader, not only in company board rooms and the asset management industry's corporate governance circles, but also within the walls of T. Rowe Price," where she protects the interest of the company's shareholders, Veiel wrote. "She will be missed." Every spring, investors and corporations alike jockeyed to win support from T. Rowe Price in corporate elections and Anderson was the executive who often helped make the final call on how the investment firm cast its vote. In the small and tight-knit governance world, Anderson played a critical role in shaping voting policies and then laying them out publicly sometimes at conferences such as this week's Council of Institutional Investors meeting in Washington. "Donna Anderson has been an important force in the stewardship world and has always been willing to call it as she sees it," said Jessica Wirth Strine, managing partner and chief executive officer at consulting firm Jasper Street Partners. "She has not just followed the pack." While T. Rowe Price actively invests clients' money in retirement and college savings portfolios, it is not an activist investor that pushes companies on social or public interest issues. During her career, Anderson often faced off against prominent investors including billionaire activist Nelson Peltz and corporate chiefs like Exxon Mobil's (XOM.N), opens new tab head Darren Woods, but never sought the limelight even as she was considered to be a luminary in her own right, lawyers, bankers, and investors said. There have been other key personnel changes in the governance world this year. In January, Cristiano Guerra, who was instrumental in determining the outcome of some of the America's most hotly contested board battles as head of special situations research at Institutional Shareholder Services, left the proxy advisory firm to join consulting firm Strategic Governance Advisors.
Bloomberg
29-01-2025
- Business
- Bloomberg
Remain Quite Positive on US Economy: Uruci
Blerina Uruci, Chief US Economist at T. Rowe Price, says she remains quite positive on the US economy and that growth in 2025 is going to be slower, but not weak. She speaks to Bloomberg's Jonathan Ferro and Lisa Abramowicz on "Bloomberg Surveillance." (Source: Bloomberg)
