Russell appoints T.Rowe Price to global equities fund
Russell Investment Group has added T. Rowe Price International (TRPI) to its global opportunities fund, where it will manage 15 per cent of the established global equities fund alongside existing managers Arrowstreet, MFS and Axiom.
Russell portfolio manager Kathy Cave said TRPI’s style of fundamental growth investing would complement the investment strategies already operating in the fund.
Cave said TRPI was chosen because it offered a broader opportunity set than other growth managers, with portfolios usually portraying a mid-cap bias with a high-stock turnover.
“TRPI’s stock selection process identifies fundamental research as the key driver — interviewing management and getting a first hand look at operations before factoring in local and macro markets — ensuring value add at the grassroots level,” she said.
“We were pretty impressed with what Rob Gensler, the portfolio manager at TRPI has been doing. We regard him very highly, as we do the rest of the team.”
The fund was launched in December 2004 and has Australian sourced funds under management totalling $771 million.
It has market exposure across North America, Europe, Japan, UK, emerging markets and Asia.
Recommended for you
Momentum Media has announced 26 winners across 10 individual and 15 group categories for its brand-new Australian AI Awards.
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
The financial services technology company has appointed two non-executive directors following its AGM earlier this year, where it flagged it would embark on a board renewal process.
