T. Rowe launches global funds

T. Rowe Price Group Inc. of Baltimore has launched two funds aimed at providing investors with exposure to the markets in Europe, Asia and the Americas.
NOV 20, 2008
T. Rowe Price Group Inc. of Baltimore has launched two funds aimed at providing investors with exposure to the markets in Europe, Asia and the Americas. The T. Rowe Price Global Large-Cap Stock Fund (RPGEX) will seek long-term growth of capital by investing almost all of its assets in stocks of larger companies in at least five countries, including the United States. Part of the strategy of the fund, which will take a growth-oriented approach to selecting stocks, is investing at least 40% of its net assets in companies outside the United States. The fund will be managed by Scott Berg, who has been an associate portfolio manager of T. Rowe’s Global Equity strategy since 2005. The T. Rowe Price Global Real Estate Fund (TRGRX) aims to generate growth through capital appreciation and current income by investing at least 80% of its assets in equity securities of real estate companies throughout the world. The fund will be managed by David Lee, who has managed T. Rowe Price's Real Estate Fund since its inception in 1997. The minimum initial investment in either fund is $2,500, or $1,000 for retirement plans, gifts or transfers to minors. T. Rowe Price had $345 billion in assets under management as of Sept. 30.

Latest News

Stratos Wealth Holdings closes 11 acquisitions in push for advisory scale
Stratos Wealth Holdings closes 11 acquisitions in push for advisory scale

RIA aggregator adds $4.8 billion in client assets across seven states as demand grows for alternatives to traditional succession models.

Beyond wealth management: Why the future of advice is becoming more human
Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management

Shareholder sues FS KKR Capital board, alleges NAV and dividend cover-up
Shareholder sues FS KKR Capital board, alleges NAV and dividend cover-up

Shareholder targets FS KKR Capital's directors over alleged portfolio valuation and dividend missteps.

UBS loses $1.2 million arbitration claim linked to variable annuities and margin
UBS loses $1.2 million arbitration claim linked to variable annuities and margin

UBS has a history of costly litigation stemming from the sale of volatile investment products.

'We are monitoring the situation,' SEC says of private funds
'We are monitoring the situation,' SEC says of private funds

New director David Woodcock puts firms on notice over fees, conflicts, and liquidity risk as private credit shows signs of stress.

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management

SPONSORED Durability over scale: What actually defines a great advisory firm

Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline