T. Rowe Price launches analyst-run US core equity fund
The T. Rowe Price Funds SICAV — US Structured Research Equity fund will be based on the long-running US-domiciled strategy, which holds $65bn assets under management.
The T. Rowe Price Funds SICAV — US Structured Research Equity is based on the long-running US-domiciled strategy, which holds $65bn assets under management.
The portfolio, which will be available to UK and European investors, holds 200-275 stock positions, with its stock selection based on the fundamental insights of approximately 30 analysts from the group's US equity research team.
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The analysts will invest within their specific area of expertise, the firm said, taking a «lined approach» to portfolio construction and risk management to ensure the strategy exhibits similar volatility and characteristics to the S&P 500, with the portfolio's sector, industry, and style exposures also mirroring the index.
It added the «rules-based approach limits active risk and isolates the stock-picking strengths of T. Rowe Price's analysts».
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Nat Terry, head of UK and Ireland at T. Rowe Price, said: «We pride ourselves on our bottom-up fundamental research, so it is extremely pleasing to offer UK investors access to a portfolio that harnesses the best of what we do.
»A core US equity allocation, this strategy has consistently outperformed the S&P 500 index for more than two decades, irrespective of market direction. This launch is being supported with attractive terms for founding shareholders."
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