T. Rowe Price Introduces Two New Global Strategies
Global Large-Cap and Global Real Estate Strategies Expand Global Investment Opportunities
The Global Large-Cap and Global Real Estate strategies will employ the firm's demonstrated expertise in global investing by using in-depth fundamental analysis and a rigorous bottom-up approach to selecting stocks. Analysts on the ground in
"Global investments are becoming an increasingly important component of investors' portfolios," says
Global Large-Cap Strategy
The Global Large-Cap strategy will seek long-term growth of capital by investing almost all of its assets in stocks of larger companies in at least five countries, including
"Despite the worldwide slowdown in growth, we believe it is a good time to look opportunistically across the globe for attractive companies with compelling long-term prospects and low valuations," Mr. Berg says. "The Global Large-Cap strategy will invest in established growth-seeking companies, with seasoned managements and strong balance sheets. While U.S. companies will play a significant role in the portfolio, we will look at companies in both developed and emerging markets.
"The U.S. now represents only about 45% of the world's market capitalization. With the ability to invest without borders, we will actively seek the most attractive larger companies, wherever they may be headquartered," Mr. Berg says.
Global Real Estate Strategy
The Global Real Estate strategy seeks long-term growth through capital appreciation and current income by investing at least 80% of its net assets in equity securities of real estate companies throughout the world. It can also invest in companies related to the real estate industry. The strategy will not directly own real estate and has no restrictions on the size of companies in which it can invest. Normally, it will invest at least 40% of its net assets in real estate companies outside
The Global Real Estate strategy will be managed by
"Global markets and real estate are two sectors that, on their own, offer good diversification benefits to investors. Combining the two into one strategy can further enhance diversification," Mr. Lee says. "Local real estate supply and demand fundamentals are usually particular to that region and can have very little correlation with property fundamentals in other locations across the globe.
"Income-producing commercial real estate companies in
The minimum initial investment in the Global Large-Cap Stock Fund (RPGEX), Global Large-Cap Stock Fund -Advisor Class (PAGLX), Global Real Estate Fund (TRGRX), and Global Real Estate Fund -Advisor Class (PAGEX) is
Investing overseas includes special risks including declining foreign currencies or adverse political or economic events. In addition, the Global Real Estate strategy's concentrated investment strategy is substantially greater than that of a more diversified approach.
For more information, please visit troweprice.com. Prospectuses of the two strategies, which are available on the site or by calling 1-800-541-8803, include investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing. T. Rowe Price Investment Services, Inc., Distributor,
Founded in 1937,
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