T.Rowe Price launches global and euro equity funds
T. Rowe Price has launched a large cap global equity fund and European small and mid cap fund to its Luxembourg Sicav range.
The Global Large Cap Equity Fund can invest in companies whose market capitalisation qualified them to fall
T. Rowe Price has launched a large cap global equity fund and European small and mid cap fund to its Luxembourg Sicav range.
The Global Large Cap Equity Fund can invest in companies whose market capitalisation qualified them to fall into the MSCI All Country World Large Cap Index. It will invest in 80 to 100 stocks, with a growth mandate and a high conviction, best ideas approach. The fund will be managed by Scott Berg, who has been with the fund manager for six years, initially as an analyst and latterly portfolio manager.
Europe fund
The European Smaller Companies Equity Fund will invest in companies with a market cap that falls within or below that covered by the S&P Extended Market (EMI) Pan Europe Index.
Justin Thomson, who has been the lead portfolio manager of the T. Rowe Price Non-US Small Cap Equity Strategy since 1998, will manage the new fund.
He said: "We are launching this strategy at a time of heightened pessimism for the economy and earnings and near record aversion to risk. This creates opportunities. With our team of dedicated small/mid-cap analysts we are well placed to exploit these opportunities."
Both funds are also available through segregated accounts.