Global Growth Equity and International Core Equity strategies
now available to Canadian institutional investors through pooled
vehicles
BALTIMORE, Jan. 21, 2015 /CNW/ --
News
T. Rowe Price (NASDAQ-GS: TROW) today announced the launch of two
pooled vehicles for institutional investors in Canada that are based on the company's Global
Growth Equity and International Core Equity strategies. These are
the first pooled vehicles that T. Rowe Price has introduced in
Canada.
Both the Global Growth Equity and the International Core Equity
strategies have been available in the separate account format to
Canadian institutional investors, but this launch makes them
available to investors who prefer a pooled vehicle. T. Rowe
Price's new pooled vehicles will have a minimum account size of
$5 million and will be available to
all Canadian defined benefit and defined contribution plans.
Global Growth Equity Pooled Vehicle Details
- The objective is to seek long-term growth of capital through
investments in the common stocks of large- and mid-cap companies
throughout the world, including those domiciled both in developed
and emerging markets.
- The strategy relies on T. Rowe Price's global research platform
to identify companies with superior and sustainable growth
prospects and improving fundamentals. It will typically hold
approximately 130-140 stocks.
- Macroeconomic and local market factors are integrated into the
stock selection process; stock valuations are measured against both
the local market and the broader opportunity set.
- The strategy is managed by Scott
Berg, who has 12 years of investment experience at T. Rowe
Price.
International Core Equity Pooled Vehicle Details
- The objective is to seek long-term growth of capital through
investments primarily in the common stocks of non-U.S. companies in
developed countries.
- The strategy emphasizes companies with a favorable combination
of growth prospects and attractive valuations. It will typically
hold between 140-180 stocks.
- The macroeconomic environment and the attractiveness of
individual investments lead to stock, country, and sector
allocations.
- The strategy is managed by Ray
Mills, who has 17 years of investment experience at T. Rowe
Price.
Quote
Bruce
Winch, Head of Sales, T. Rowe Price (Canada), Inc.:
"The launch of these pooled vehicles further demonstrates T. Rowe
Price's commitment to the Canadian institutional marketplace.
While we have been serving large Canadian fund sponsors through
separate account management for a number of years, we are
positioned to meet the needs of a broader base of our country's
institutional investors now with the launch of our pooled
vehicles. We're pleased to expand our offerings to the full
range of institutional investors who manage defined benefit and
defined contribution plans."
For more information, contact Bruce
Winch at 416-572-2582 or at
bruce_winch@troweprice.com.
About T. Rowe Price
Founded in 1937,
Baltimore-based T. Rowe Price is a
global investment management organization with $817 billion (CAD) in assets under management as
of September 30, 2014. The
organization provides a broad array of mutual funds, subadvisory
services, and separate account management for individual and
institutional investors, retirement plans, and financial
intermediaries.
The strategies discussed above are subject to market risks and
the risks of international investing, including currency risk and
political risk.
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