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. 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.