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T. Rowe Price
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- 1T. Rowe Price Seeks to Shield $165 Billion EM Portfolio From El Niño▼T. Rowe Seeks to Ringfence $165 Billion EM Book From El Niño Fallout
Asset manager T. Rowe Price is working to ringfence its $165 billion emerging markets portfolio from potential fallout linked to El Niño, according to Bloomberg. The weather pattern can drive food and commodity price swings across developing economies, and investors are weighing how crops, inflation and sovereign risk could be hit. Market watchers are discussing which EM assets are most exposed to the climate pattern.