POWERED BY MOMENTUM MEDIA
T. Rowe Price to launch Aussie equity capability
T. Rowe Price has announced the launch of its Australian equity capability, which is most likely to happen at the end of November, according to director for Australia and New Zealand, Murray Brewer.
Brewer said the company had $510 billion in funds under management, $70 billion of which came from non-United States-based investors.
Launching the Aussie equity capability would help T. Rowe Price in its goal to grow the non-US client base.
Brewer said there hadn’t been many players in the market who started up Aussie equity boutiques after the global financial crisis, which he said may have been caused by the increased number of boxes investors now wanted ticked.
“People are looking at stability of the organisation, risk framework, debt; our view is that unless you are globally integrated with your research (getting information lead daily) you’re not going to be able to cover those stocks as well,” he said.
Brewer added that for the past year T. Rowe Price had been building its equity capability team, which is currently being integrated with the rest of the company.
Viral Patel has recently been appointed as associate director of research in the new Aussie equities team, while Randal Jenneke, who had moved from Schroders Investment Management, was recruited as portfolio manager.
Brewer said the launch of the company’s Australian equity capability had been four years in the making.
Recommended for you
The industry body has cautioned the government against implementing unnecessary regulations for private market investments, with ASIC currently exploring reforms in this space.
The industry fund has appointed Natalie Alford as its new chief risk officer, strengthening its executive team during a period of transformation.
The Super Members Council has outlined a bold reform plan to boost productivity, lift retirement savings, and unlock super’s full potential.
Women beginning their careers in 2025 could retire with hundreds of thousands of dollars more in super due to the 12 per cent super guarantee rate, HESTA modelling shows.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
