T. Rowe Price's Vohora on geopolitics: Ushering in a new era of security

While we hope for a near-term solution to the crisis in Ukraine, the ramifications of the invasion have the potential to be disruptive over many years - ushering in a new era of security. The past decade has been dominated by the FAANG (Facebook, Apple, Amazon, Netflix, Google) digital giants who continued to thrive during the pandemic, but rising rates have seen their fortunes change. FAANG 2.0 (fuels, aerospace, agriculture, nuclear and renewables, gold and metals/minerals) has now arrived to reflect a changing world and could drive the next secular winners, given a renewed focus on th...