Global investment manager T. Rowe Price has launched an Australian dollar hedged version of its flagship Global Equity Fund, the T. Rowe Price Global Equity (Hedged) Fund.
T. Rowe Price Managing Director Australia and New Zealand Murray Brewer said the new Fund allows Australian investors to minimise the impact of the rising Australian dollar on their international investments while accessing a high conviction, truly global equity portfolio.
“Australian advisers and investors well know the importance of accessing international equities, however many have legitimate concerns about the impact of currency movements on their portfolio,” he said.
“The Global Equity (Hedged) Fund seeks to provide investors access to high quality stocks in over 30 countries around the globe, while minimising the impact of currency movements through a hedging overlay strategy.
“The Fund has received a ‘Highly Recommended’ rating from Lonsec and is now available on the Pursuit Select, IOOF Portfolio Service and IOOF Employer Super Platforms.”
The underlying T. Rowe Price Global Equity Fund is managed by Baltimore based Scott Berg and targets companies around the globe with strong and sustainable growth characteristics.
Managing assets of over $US764.6 billion (see note) globally, T. Rowe Price believes bottom-up stock selection supported by proprietary, fundamental research can uncover stock pricing anomalies, and is the key driver of value-added active management.
Note:
The combined assets under management of the T. Rowe Price group of companies as of 31 March 2016. The T. Rowe Price group of companies includes T. Rowe Price Associates, Inc., T. Rowe Price International Ltd, T. Rowe Price Hong Kong Limited, T. Rowe Price Singapore Private Ltd., T. Rowe Price (Canada), Inc. and T. Rowe Price Advisory Services, Inc.
