Head of Global Investments & Chief Information Officer, T Rowe Price
Search every verified Eric Veiel interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In April 2024, Eric Veiel stated that T. Rowe Price's asset allocation committee was "dramatically neutral" between stocks and bonds, describing the position as "not the most exciting fodder" but reflecting their current outlook. He said there had "without a doubt" been a post-pandemic regime shift, and that at higher interest rates the environment was "much more of a bottoms up world" rather than a simple chase of risk assets. Veiel noted that within equity portfolios, T. Rowe Price was overweight energy and health care, relatively neutral in tech, and had reduced some exposure from financials and industrials. He described commodities as "interesting" and said the firm's allocation portfolios included a real assets sleeve that provided "strong diversification from inflation." On the Federal Reserve, Veiel said he could not know what was in Chair Powell's head but that the inflation numbers "have to give you some pause."
“We're actually 'dramatically neutral' is the phrase that we've been using between stocks and bonds.”
“I do think commodities are interesting, and we are within our equity portfolios overweight energy in different ways — we think there are some really interesting opportunities there coming from our bottoms-up work.”
“I can't tell you what's in his head, but I do think the inflation numbers that we've seen have to give you some pause.”
“Without a doubt, we have seen a regime shift post-pandemic — the issue is all about the absolute low rates we had prior to the pandemic; at higher rates you have to be more bottoms-up from our perspective.”
Eric Veiel, CIO and head of global investments at T. Rowe Price, says, “without a doubt” there has been a post-pandemic regime change as he currently sees a more “bottoms up” environment for markets.
Sign in to search the full transcript archive, filter by topic, and access every quote from Eric Veiel.