View more on these topics

T. Rowe Price adds new strategy to its SICAV range

T. Rowe Price has announced the addition of a regional equity strategy to its Luxembourg-domiciled SICAV range, focusing on investment in the Middle East and Africa.

Christopher Alderson, who has led the T. Rowe Price emerging markets equity team for the past 10 years, will manage the strategy.

The objective of the sub-fund is to provide long-term capital growth by investing primarily in a diversified portfolio of transferable equity and equity-related securities of companies established, or conducting the predominant part of their economic activity, in the emerging markets of Africa and the Middle East.

The strategy, available to institutional investors and third party distributors, will be a concentrated portfolio typically investing in 25-50 stocks.

T. Rowe Price vice president and portfolio manager Christopher Alderson says: “These markets offer significant long-term growth potential and diversification benefits for investors who are willing to accept more risk by placing a portion of their assets in an aggressive portfolio. There are also many attractive companies with sustainable growth and reasonable valuations.

“Financials represent our largest sector exposure, as commercial banks are benefiting from rapidly growing economies. Many of these companies are experiencing significant revenue growth as demand for both retail and business credit increases. Significant reform of banking and pension markets in many states should further encourage loan growth in both the Middle East and Africa.”


Bright ideas are shining

Rensburg and Skandia’s UK best ideas vehicles have recorded top-quartile performance since their launches in autumn 2006.Rensburg’s UK manager focus trust reached its one-year mark on Tuesday, with the portfolio 28th out of 281 funds in the UK All Companies sector since launch, while Skandia’s version is 22nd out of 283 since its launch in […]

In the line of fire

Legal and General has kicked up a storm by launching a joint pilot study with Hargreaves Lansdown to look into the benefits of using customer postcodes as a risk factor in determining annuity rates.

Trade bodies can get FSA guidance

The FSA’s new framework for recognising industry guidance came into effect this week in a step towards principle-based regulation. Trade associations, professional bodies and firms can seek formal confirmation for their guidance to help their members understand and meet the FSA’s regulatory requirements.

TMW launches point of sale offers from Monday

The Mortgage Works will be launching an online point of sale offer facility from September 17.The system will be available on a number of buy to let products.Nationwide Specialist Lending managing director Andy McQueen says: “This is a fantastic development for The Mortgage Works. Not only does the instant POSO strengthen our online proposition, it […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm