T.Rowe Price’s fund added to BT list
T.Rowe Price's Australian Equity Fund has been added to BT Financial Group's High Services List (HSL).
The company's managing director, Murray Brewer, said that adjustments to its fund's fee structure, effective 1 September, had made the fund more compelling in a post-Future of Financial Advice (FOFA) environment.
He also stressed that the fund's HSL status was a testament to the quality conviction demonstrated by portfolio manager, Randal Jenneke, and his team.
"We rigorously assess every stock through a local and global expert lens in order to identify the potential for growth," Brewer said.
"In a more globalised investment market, we believe this ability to combine global research and local expertise gives us a discernible edge against competitors and a unique value proposition for portfolios."
T.Rowe Price established a dedicated Australian investment capability in 2010 with the appointment of Jenneke, who now manages a team of six analysts, and the launch of the Australian Equity Fund in 2012.
AUTHOR
Oksana Patron
Recommended for you
The merger with L1 Capital will “inject new life” into Platinum, Morningstar believes, but is unlikely to boost Platinum’s declining funds under management.
More than half of the top 20 most popular shares bought by advised investors during the first half of 2025 were ETFs, according to AUSIEX data.
At least two-thirds of ETF flows are understood to be driven by intermediaries, according to Global X, as net flows into Australian ETFs spike 97 per cent in the first half of 2025.
Inflows for the first half of 2025 for GQG Partners stand at US$8 billion, but the firm has flagged fund underperformance could be a headwind for future flows.
