Latest news with #T.RowePrice
The Star
2 days ago
- Business
- The Star
Over half of Hong Kong residents plan to work past 65, survey shows
More than half of Hong Kong residents do not plan to retire at the typical retirement age of 65, with many feeling that they cannot reach the average HK$5 million (US$637,000) savings target necessary for a comfortable post-work life, according to the T. Rowe Price Hong Kong Retirement Survey released on Thursday. About 52 per cent of respondents indicated they would not retire at age 65. Among them, about 80 per cent preferred not to retire at all or opted instead for a 'micro-retirement', which involves taking a break for several months to a few years before returning to work. The survey, the first of its kind by the US financial firm, polled 600 Hong Kong residents over the age of 30 in May. 'Financial pressure is certainly one factor, especially in a high-cost city like Hong Kong,' said Shen Wenting, global investment solutions strategist and portfolio manager at T. Rowe Price, which manages US$1.56 trillion in assets. About 60 per cent of respondents had a retirement savings target between HK$2 million and HK$10 million, with the average being HK$5 million, considered enough for them to feel secure in completely stopping work. For those considering a micro-retirement, the average savings target was HK$2 million. However, one-third of respondents felt they could not achieve their goals, and 40 per cent reported not having any retirement savings target at all. This may explain why 62 per cent cited the need to maintain an income as their reason for not retiring at age 65. The survey showed that non-financial motivations were equally influential, Shen said, noting that 69 per cent of respondents wanted to continue working to keep their minds active, while 40 per cent sought the sense of accomplishment that work provided. About 72 per cent said they would be satisfied with earning less from their jobs after retirement age. For those opting for micro-retirement, 34 per cent sought a break to improve their well-being, 24 per cent aimed to relieve work pressure, and 16 per cent wanted to pursue personal interests. 'These findings suggest a growing desire to reprioritise life beyond just income,' Shen said. Financial firms like Manulife, HSBC and BOC Life have been targeting retirees with new investment products that offer regular income streams, amid a broader government-led initiative to capture opportunities in the so-called silver economy. People aged 65 and above comprised 22 per cent of Hong Kong's 7.5 million residents last year, according to official data. Projections indicated that senior citizens would account for 31 per cent of the population by 2036. Shen said only 20 per cent of respondents were aware of retirement investment products, while many opted for conservative investment strategies. About 54 per cent kept their retirement savings in time deposits, which currently offer interest rates of only 1 per cent to 2 per cent, while 52 per cent chose savings accounts with almost zero interest. Only 30 per cent opted for higher-return investments such as mutual funds, and 24 per cent invested in annuities. Shen attributed the conservative investment choices to the entrenched belief that 'cash is king', as well as economic uncertainty. She urged retirees to consider a different investment approach to meet their retirement goals. For those wishing to retire at 65, investing more in stocks at a younger age could yield higher returns, while shifting to lower-risk fixed income as they aged was advisable, Shen suggested. Individuals who plan to continue working might consider adjusting their asset allocation towards a slightly more aggressive stance, with a higher percentage in equities to capitalise on growth opportunities, she added. For micro-retirees, taking a career break of a couple of years 'will not substantially change their retirement horizon', Shen said. 'We suggest following a glide path based on a general estimate of time left until retirement.' - SOUTH CHINA MORNING POST
Yahoo
3 days ago
- Business
- Yahoo
Karrie Gordon from the Active ETF Channel Announces Publication of New Article Detailing Differences in Worldwide ETF Investing
New York, New York--(Newsfile Corp. - July 31, 2025) - Karrie Gordon, a key contributor for VettaFi's Active ETF Channel, has announced the publication of their latest article, focused on understanding the differences between "global" and "international" ETFs. The article delves into how these terms convey two significantly different approaches to gaining overseas exposure. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA Should You Invest in Global or International ETFs? Global ETFs invest worldwide, bundling U.S. and overseas exposures together under one umbrella strategy. This approach can provide broad diversification potential, reducing impacts of single-country exposures. It also may allow for portfolio managers to harness changing market dynamics. Meanwhile, international ETFs offer a targeted approach to investing overseas. For U.S. investors, an international ETF invests in other countries ex-U.S. While it varies what regions and countries these funds target, international ETFs increase overall portfolio diversification while remaining more narrowly focused. To view the full article, please visit About The Active ETF Channel Sponsored by T. Rowe Price The Active ETF Channel, a dedicated segment of ETF Trends, is your premier destination for news, insights, and analysis on actively managed exchange-traded funds (ETFs). This channel offers in-depth coverage of the rapidly growing active ETF space, highlighting new product launches, market trends, investment strategies, and expert commentary. Whether you're an investor seeking to understand active management in an ETF format or a financial professional staying informed on industry innovations, the Active ETF Channel provides essential resources to navigate this dynamic segment of the market. About VettaFi VettaFi is a leading provider of data-driven insights and specialized services for asset managers and investors, bringing together a wealth of expertise to support client success. At the core of VettaFi is a commitment to fostering strong relationships and delivering innovative solutions that help clients engage, grow, and thrive in an increasingly complex financial landscape. For more information about VettaFi, please visit Media Contact:Karrie Gordonhelp@ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
New Strong Buy Stocks for August 8th
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: InfuSystems Holdings INFU: This rapidly growing healthcare services company that provides state-of-the-art electronic continuous ambulatory infusion pumps, supplies and support to oncology practices and clinics throughout the United States, has seen the Zacks Consensus Estimate for its current year earnings increasing 66.7% over the last 60 day. InfuSystems Holdings, Inc. Price and Consensus InfuSystems Holdings, Inc. price-consensus-chart | InfuSystems Holdings, Inc. Quote Rigel Pharmaceuticals RIGL: This clinical-stage drug development company that discovers and develops novel, small-molecule drugs for the treatment of inflammatory diseases, cancer and viral diseases, has seen the Zacks Consensus Estimate for its current year earnings increasing 19.1% over the last 60 days. Rigel Pharmaceuticals, Inc. Price and Consensus Rigel Pharmaceuticals, Inc. price-consensus-chart | Rigel Pharmaceuticals, Inc. Quote T. Rowe Price TROW: This global investment management company which provides a broad array of mutual funds, sub-advisory services and separate account management for individual and institutional investors, retirement plans and financial intermediaries, has seen the Zacks Consensus Estimate for its current year earningsincreasing 9.9% over the last 60 days. T. Rowe Price Group, Inc. Price and Consensus T. Rowe Price Group, Inc. price-consensus-chart | T. Rowe Price Group, Inc. Quote Mitsui & Co. MITSY: This global empire comprising more than 860 subsidiaries and associated companies with operations in chemicals, foodstuffs, general merchandise, iron and steel, machinery, nonferrous metals, textiles, energy, and real estate and service industries, has seen the Zacks Consensus Estimate for its current year earnings increasing 6% over the last 60 days. Mitsui & Co. Price and Consensus Mitsui & Co. price-consensus-chart | Mitsui & Co. Quote Northern Trust NTRS: This company which is a leading provider of wealth management, asset servicing, asset management and banking solutions to corporations, institutions, families, and individuals, has seen the Zacks Consensus Estimate for its current year earnings increasing 5.2% over the last 60 days. Northern Trust Corporation Price and Consensus Northern Trust Corporation price-consensus-chart | Northern Trust Corporation Quote You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 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 Northern Trust Corporation (NTRS) : Free Stock Analysis Report T. Rowe Price Group, Inc. (TROW) : Free Stock Analysis Report Mitsui & Co. (MITSY) : Free Stock Analysis Report Rigel Pharmaceuticals, Inc. (RIGL) : Free Stock Analysis Report InfuSystems Holdings, Inc. (INFU) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
04-08-2025
- Business
- Wall Street Journal
Podcast: Is the Stock Market Still in a Bubble?
Sébastien Page, chief investment officer at T. Rowe Price, joins WSJ's Take On the Week to discuss why he thinks AI stocks are in a strong position, and what investors could learn from sports psychology. Plus, we chat about Robinhood's blowout earnings and Palantir's eagerly awaited results, due Monday afternoon. The stock has risen by over 500% over the past year. 🎧 Listen to the podcast here or 📹 watch the video version below:
Bloomberg
03-08-2025
- Business
- Bloomberg
EM Funds Adjust Bets as ‘Sell the Dollar' Trade Loses Appeal
The dollar's bounceback in July is convincing some emerging-market investors to bet it will keep rising in coming months. T. Rowe Price Group Inc. says it now favors dollar-denominated emerging market bonds rather than local-currency ones as a tactical trade. Barclays Plc is telling its clients to avoid shorting the greenback versus its Asian peers, while Fidelity International says the higher-for-longer US interest rates make it less attractive to borrow the dollar to fund carry trades.
