Pufin Group: Global market rotation accelerates, value stocks and emerging markets will take over from US tech giants in the second half of the year
Asset management company T. Rowe Price Group expects that opportunities in global stock markets will expand over the next six months, no longer limited to U.S. stocks and mega-cap technology stocks. In its mid-year outlook for the global financial markets for the remainder of 2025, T. Rowe Price Group stated: "The trend of diversification in the stock market is expected to continue, which will alleviate the excessive concentration of the market in recent years on the U.S. and mega-cap stocks, favoring value stocks and certain emerging markets instead." According to this mid-year investment outlook report for 2025, U.S. fiscal and tax policies are expected to become the focus in the second half of the year, while the aftershocks of the trade war may drag down global economic growth. Corporate costs are expected to rise, while consumer purchasing power may decline. The report stated: "The fundamental shift in the global fixed income market is reflected in inflation levels above target in some developed markets (especially the U.S.). Corporate bonds may enter a historically high credit quality phase during an economic downturn, making them more defensive than in the past." T. Rowe Price Group indicated that its multi-asset portfolio is expected to re-emphasize inflation hedging and stock diversification allocation
According to the Zhitong Finance APP, asset management company T. Rowe Price Group expects that opportunities in global stock markets will expand in the next six months, no longer limited to U.S. stocks and mega-cap technology stocks.
In its mid-year outlook for the global financial markets for the remainder of 2025, T. Rowe Price Group stated: "The trend of diversification in the stock market is expected to continue, which will alleviate the excessive concentration of the market on the U.S. and mega-cap stocks in recent years, and will instead benefit value stocks and certain emerging markets."
According to this mid-year investment outlook report for 2025, U.S. fiscal and tax policies are expected to become the focus in the second half of the year, while the aftershocks of the trade war may drag down global economic growth. Corporate costs are expected to rise, while consumer purchasing power may decline.
The report stated: "The fundamental shift in the global fixed income market is reflected in inflation levels above target in some developed markets (especially the U.S.). Corporate bonds may enter a historically high credit quality phase during an economic downturn, making them more defensive than in the past."
T. Rowe Price Group indicated that its multi-asset portfolio is expected to re-emphasize inflation hedging and diversified equity allocation
