{
  "id": 10212568,
  "title": "T Rowe seeks to ring-fence US$165 billion emerging-market portfolio from El Nino fallout",
  "url": "https://urgent.news/2026/09/27/t-rowe-seeks-to-ring-fence-us-165-billion-emerging-market-portfolio",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-27T12:00:38.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/t-rowe-seeks-ring-fence-us165-billion-emerging-market-portfolio-el-nino-fallout"
  },
  "original_language": "en",
  "account": "T Rowe, a major asset manager, is taking measures to shield its US$165 billion portfolio of emerging-market debt and equities from the potential devastation wrought by an unusually intense El Nino weather phenomenon. Aaron Gifford, T Rowe's associate director of research for global sovereigns, explained that the strategy was devised even before the last El Nino was in formation, with academic research from Johns Hopkins University (JHU) providing the foundation. El Nino, a climate event linked to warming in the equatorial Pacific Ocean, is already disrupting agricultural production in Honduras, El Salvador, and Asia, and experts warn of broader repercussions for global food prices. T Rowe's approach takes into account how policymakers might react to the El Nino, as seen in their strategy for Colombian sovereign bonds - the nation's reliance on hydroelectricity and agriculture makes it particularly vulnerable to the drought conditions that accompany El Nino. The firm's strategy is more cautious due to the magnitude of the impending El Nino event. T Rowe, which manages a total of US$1.9 trillion, joins a growing number of asset managers who are adjusting their investment approaches in response to El Nino. These asset managers, including hedge funds like Man Group and Moreton Capital Partners, are employing custom-made models, such as global vector auto-regressive (GVAR) methodologies, to model the ripple effects of El Nino across different regions and sectors, enabling more informed investment decisions.",
  "summary": "The firm is among a growing number of asset managers adjusting how they invest amid climate change",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}