“Creativity in a Low-Yield Era,” by David Giroux and Mark Vaselkiv, troweprice.com, Jan, 21, 2020.
Jeff Ptak: Hi, and welcome to The Long View. I m Jeff Ptak, chief ratings officer for Morningstar Research Services.
Christine Benz: And I m Christine Benz, director of personal finance for Morningstar.
Ptak: Our guest today is David Giroux. David is chief investment officer of U.S. Equity and Multi-Asset at T. Rowe Price and co-chair of the Equity Research Advisory Committee. He also is the longtime lead manager of the T. Rowe Price Capital Appreciation Fund, a strategy that invests in a mix of stocks and bonds. Since taking that fund s helm in June 2006, David has racked up an impressive track record, handily beating the fund s benchmark and peers. In recognition of those achievements, Morningstar analysts named David Fund Manager of the Year twice, in 2012 and 2017. David began his career at T. Rowe in 1998 after graduating from Hillsdale College, from which he received his ba
February 1, 2021
While there are still challenges ahead, ideally, things are on the path for recovery. New coronavirus vaccines offer a potential lift for economies in 2021. At the same time, fixed income investors will need to be creative in 2021, as low yields and tighter credit spreads could make attractive returns harder to find. Similarly, an economic improvement could shift spending patterns, leading to a potential favoring of value over growth.
Based on a global market guide from T. Rowe Price, “Managing to the Other Side,” CIOs David Giroux, Equity and Multi-Asset, Justin Thomson, International Equity, and Mark Vaselkiv, Fixed Income, put together some constructive thoughts on how the economy could be looking at an accelerated recovery, based on the vaccines, which could also lead to a boost for cyclical sectors.
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David Giroux, Mark Vaselkiv, Justin Thomson @ T.Rowe Price
After facing one of the most testing environments in history following the Covid-19 outbreak, investors are increasingly optimistic of a strong recovery in 2021 due to recent positive vaccine news and additional fiscal and monetary stimulus announcements. However, as the unprecedented health crisis continues to lock down many parts of the world, risks to the recovery remain.
HDMA Names David Giroux President, COO
Tim Kraus (left) by John Sommers II for Transport Topics: David Giroux by HDMA
The Heavy Duty Manufacturers Association announced David Giroux will become president and chief operating officer.
Giroux is scheduled to join HDMA Jan. 4 and work with Tim Kraus who currently fills those positions until February, when Giroux will assume the roles, according to the Research Triangle, N.C.-based group. HDMA is the commercial vehicle division of the Motor & Equipment Manufacturers Association.
Most recently, Giroux was head of special projects at Daimler Trucks North America, reporting directly to CEO Roger Nielsen. Giroux has 25 years of experience working with global OEM industry leaders, Tier 1 suppliers and companies in the heavy-duty aftermarket.