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T. Rowe Price Moves to Shield $165 Billion EM Portfolio From El Niño
Original: T. Rowe Seeks to Ringfence $165 Billion EM Book From El Niño Fallout
T. Rowe Price is working to ringfence its $165 billion emerging markets book from the potential fallout of El Niño, Bloomberg reports. The asset manager is assessing how the weather pattern could hit commodity producers, food prices and inflation across developing economies. The move highlights growing investor concern that climate-driven weather shocks could destabilize emerging market assets.
Why now: El Niño's potential to disrupt commodities and inflation is prompting major investors to reassess emerging market risk.
T. Rowe PriceEl Niñoemerging markets
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