T. Rowe Price strategy added to CFS platform
T. Rowe Price has announced that its Australia Equity Strategy, which aims to provide investors with access to a high-conviction portfolio, is now available on Colonial First State’s FirstChoice investment menu.
The strategy, led by the firm’s head of Australian equities, Randal Jenneke, would be T. Rowe Price’s second strategy available on the FirstChoice platform after the firm’s Global Growth Equity strategy was added in May 2016.
Jenneke said the strategy’s valuation discipline helped identify companies with the potential to grow faster than the market, while offering an attractive rate of return.
At the same time, it offered downside capital management, due to lower drawdowns in periods where the equity market sold off.
“Investors should determine if what they invested into 10 to 15 years ago is considerably different to what they originally bought as a consequence of significant asset gathering,” T. Rowe Price head of relationship management Australia and New Zealand, Murray Brewer said.
“A strong discipline to capacity management, as is the approach taken by our strategy, helps to mitigate these issues.”
With A$1.2 billion raised in assets under management (AUM) from Australian sourced clients, the firm said it managed assets of over A$1.32 trillion globally.
Financial advisers in Australia could also choose from T. Rowe Price’s other equity and fixed income strategies across multiple asset classes throughout the developed, emerging and frontier markets, including the Global Equity Strategy (Hedged and Unhedged), Dynamic Global Bond Strategy and the Asia ex-Japan Strategy offerings.
AUTHOR
Oksana Patron
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
