Global Focused Growth Equity strategy is now available to
Canadian institutional investors through a new pooled
vehicle
BALTIMORE, Aug. 24, 2016 /CNW/ --
News
T. Rowe Price (NASDAQ-GS: TROW) has introduced a new pooled
investment vehicle within the Global Focused Growth Equity
strategy, which is now available to Canadian institutional
investors. The T. Rowe Price Global Focused Growth Equity
Pool is the fourth pooled investment vehicle that T. Rowe Price has
launched in Canada in the past 18
months. It complements the firm's existing suite of Canadian
pools in the International Concentrated Equity, U.S. Large-Cap Core
Growth Equity, and the Global Growth Equity strategies.
GLOBAL FOCUSED GROWTH EQUITY POOL DETAILS
- The portfolio is constructed primarily using a bottom-up
research process and consists of typically 60-80 high-conviction
stocks with improving fundamentals and strong growth
prospects.
- The objective is to achieve long-term capital growth by
investing in a focused number of stocks sourced from developed and
emerging markets and across the market capitalization
spectrum.
- The pool is designed for long-term investors and requires a
CA$5 million initial investment.
- The strategy is managed by David
Eiswert, CFA, who has 15 years of investment experience, 12
of which have been at T. Rowe Price.
- The strategy's primary benchmark is the MSCI All Country World
Index.
QUOTE
Bruce Winch*, Head of Sales, T.
Rowe Price (Canada), Inc.:
"The launch of the Global Focused Growth Equity pool marks the
latest T. Rowe Price investment strategy to become available in a
Canadian pooled structure to institutional investors in
Canada. It reflects the increasing
demand we are seeing from Canadian defined contribution
institutional investors and consultants for our portfolios. We
expect to introduce more pooled funds to the market based on client
demand."
ABOUT T. ROWE PRICE
Founded in 1937, Baltimore-based T. Rowe Price Group, Inc.
(troweprice.com) is a global investment management organization
with CA$1,008.6 billion in assets under management as of
June 30, 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 a variety of 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.
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