T. Rowe Price launches Australian unit trust and SMA

17 December 2021
| By Liam Cormican |
image
image
expand image

T. Rowe Price has expanded its suite of global equities investment products available to Australian and New Zealand advisers and wholesale investors with the launch of an Australia unit trust and separately managed account (SMA).

The Global Select Equity Strategy via the Concentrated Global Equity Australian Unit Trust (AUT) and the Global Select Equity SMA would harness the firm’s research platform.

It would seek to deliver a high conviction portfolio of global companies exposed to durable growth potential by being on the right side of secular change.

The Concentrated Global Equity AUT and the Global Select Equity SMA held 30 to 45 mature companies that were selected to seek positive excess returns against the MSCI World ex Australia Index Net over a full market cycle.

Darren Hall, T. Rowe Price head of distribution for Australia and New Zealand, said: “The Concentrated Global Equity AUT and Global Select Equity SMA provide high exposure to global companies that Australians often don’t have the time or resources to research properly.

“We are very pleased to expand our global equity investment range with this high conviction investment offering that leverage T. Rowe Price’s award-winning global equities investment capability.

“We believe it is a strong, timely fit for current market conditions that reward rigorous research and conviction.”

The Global Select Equity SMA was initially offered through Brisbane-based private wealth firm Emanuel Whybourne for a limited time and was now available to all advisers and private wealth investors.

Ryan Loehr, partner at Emanuel Whybourne, commented, “We chose to partner with T. Rowe Price because of the breadth and quality of its global research platform; and in particular, to shift from growth to a more style-neutral strategy as inflation concerns challenge corporate valuations. This partnership has delivered exceptional results for our clients”.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 2 weeks ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 2 weeks ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 6 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

1 day 4 hours ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 4 days ago