T. Rowe Price's Poullaouec on Markets, Strategy

The video discusses investment strategies focusing on value and emerging markets, with a particular emphasis on China. It highlights the reduced catalysts for value outperformance and explores opportunities in Chinese equities and credit. The impact of global inflation on bond markets is also analyzed, noting different dynamics between developed and emerging markets.

What was the primary reason for reducing the overweight position in value stocks?

• Improved performance of developed markets

• Higher volatility in the market

• Reduction in catalysts for value outperformance

• Increased competition from growth stocks

Why might Chinese tech companies be considered attractive investments?

• Their valuations became more attractive after policy changes

• They are less volatile than other sectors

• They have high dividend yields

• They have strong government backing

What is a potential benefit of investing in Chinese property names?

• High growth potential due to urbanization

• Signals from policymakers allowing credit flow

• Strong international demand for Chinese real estate

• Low interest rates in China

How might inflation trends differ between emerging and developed markets?

• Developed markets have lower inflation due to stable economies

• Emerging markets may see inflation slow faster, allowing monetary easing

• Emerging markets are less sensitive to commodity trends

• Developed markets are more affected by global trade dynamics

What change in US CPI forecast was observed from the start to the end of 2021?

• It increased from 1.8% to 3.3%

• It fluctuated between 2.0% and 3.0%

• It decreased from 2.5% to 1.8%

• It remained stable at 3.3%