Hawkish RBA keeps T. Rowe Price underweight Aussie equities
Cash rate expectations and stretched valuations underpinned the firm’s underweight stance in its latest global allocation outlook. T. Rowe Price has taken a balanced stance on risk assets overall, maintaining a modest overweight to equities with the exclusion of US and Australian stocks. In its January Global Asset Allocation: The View from Australia report, the firm said that despite extended valuations, earnings trends and economic growth “remain favourable” in most regions,...
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