BALTIMORE, July 11, 2016 /PRNewswire/ -- T. Rowe Price (NASDAQ-GS: TROW) today launched
the T. Rowe Price Global Consumer Fund. The Fund will seek to
provide long-term growth of capital though investment in consumer
staples and consumer discretionary companies, two important sectors
of the global economy. The fund is the latest addition to
T. Rowe Price's suite of equity
sector funds.
T. ROWE PRICE GLOBAL CONSUMER FUND DETAILS
- The fund is managed by Jason
Nogueira, who has 14 years of investment experience,
including 12 years with T. Rowe
Price. Most recently he was an associate portfolio manager
for the T. Rowe Price Global Growth Equity Strategy.
- Mr. Nogueira expects the portfolio to typically consist of
approximately 40-60 stocks invested globally in both developed and
emerging markets.
- The fund will target companies in the consumer staples and
consumer discretionary industries.
- Potential investments in consumer staples may include companies
in the household products, beverages and packaged foods
industries.
- Potential investments in consumer discretionary may include
companies in the specialty retail, apparel & luxury goods and
internet & media industries.
- The fund's primary benchmark will be the MSCI All Country World
Index.
- The fund's net expense ratio is capped at 1.05%* for the
Investor Class shares.
Download a prospectus or obtain one by calling
1-800-541-8803. The prospectus includes investment objectives,
risks, fees, expenses, and other information that you should read
and consider carefully before investing.
All funds are subject to market risk, including the possible
loss of principal.
*The fund is subject to a contractual expense waiver through
April 30, 2019. For details, please
see the prospectus.
T. Rowe Price Investment Services, Inc., distributor,
T. Rowe Price mutual funds.
QUOTES
Portfolio Manager Jason
Nogueira:
- "The T. Rowe Price Global Consumer Fund is style agnostic and
focused on leveraging the firm's strong global research platform to
find the most compelling consumer investments around the
world."
- "The broad geographic mandate, along with the ability to invest
across both the consumer staples and discretionary sectors,
provides the necessary flexibility to find superior investment
opportunities in a variety of different market environments."
- "The Global Consumer Fund is a strong complement to our
existing line up of sector funds, and we believe that we can add
value to the portfolios of clients who want to have exposure to
this important sector of the global economy."
ABOUT T. ROWE PRICE
Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. is a
global investment management organization with $764.6 billion in assets under management as of
March 31, 2016. 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
company also offers sophisticated investment planning and guidance
tools. T. Rowe Price's disciplined, risk-aware investment
approach focuses on diversification, style consistency, and
fundamental research. For more information, visit troweprice.com or
our Twitter, YouTube, Linkedin, and Facebook sites.
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SOURCE T. Rowe Price