T. Rowe Price Launches New Canadian Pooled Investment Vehicle Within Global Focused Growth Equity Strategy

Global Focused Growth Equity strategy is now available to Canadian institutional investors through a new pooled vehicle

BALTIMORE, Aug. 24, 2016 /CNW/ --

News
T. Rowe Price (NASDAQ-GS: TROW) has introduced a new pooled investment vehicle within the Global Focused Growth Equity strategy, which is now available to Canadian institutional investors.  The T. Rowe Price Global Focused Growth Equity Pool is the fourth pooled investment vehicle that T. Rowe Price has launched in Canada in the past 18 months.  It complements the firm's existing suite of Canadian pools in the International Concentrated Equity, U.S. Large-Cap Core Growth Equity, and the Global Growth Equity strategies.

GLOBAL FOCUSED GROWTH EQUITY POOL DETAILS

  • The portfolio is constructed primarily using a bottom-up research process and consists of typically 60-80 high-conviction stocks with improving fundamentals and strong growth prospects.
  • The objective is to achieve long-term capital growth by investing in a focused number of stocks sourced from developed and emerging markets and across the market capitalization spectrum.
  • The pool is designed for long-term investors and requires a CA$5 million initial investment.
  • The strategy is managed by David Eiswert, CFA, who has 15 years of investment experience, 12 of which have been at T. Rowe Price.
  • The strategy's primary benchmark is the MSCI All Country World Index.

QUOTE

Bruce Winch*, Head of Sales, T. Rowe Price (Canada), Inc.:
"The launch of the Global Focused Growth Equity pool marks the latest T. Rowe Price investment strategy to become available in a Canadian pooled structure to institutional investors in Canada. It reflects the increasing demand we are seeing from Canadian defined contribution institutional investors and consultants for our portfolios. We expect to introduce more pooled funds to the market based on client demand."

ABOUT T. ROWE PRICE

Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. (troweprice.com) is a global investment management organization with CA$1,008.6 billion in assets under management as of June 30, 2016. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. For more information, visit troweprice.com.

IMPORTANT INFORMATION

This material, including any statements, information, data and content contained within it and any materials, information, images, links, graphics or recording provided in conjunction with this material are being furnished by T. Rowe Price for general informational purposes only. The material is not intended for use by persons in jurisdictions which prohibit or restrict the distribution of the material and in certain countries the material is provided upon specific request. It is not intended for distribution to retail investors in any jurisdiction. Under no circumstances should the material, in whole or in part, be copied or redistributed without consent from T. Rowe Price. The material does not constitute a distribution, an offer, an invitation, recommendation or solicitation to sell or buy any securities in any jurisdiction. The material has not been reviewed by any regulatory authority in any jurisdiction. The material does not constitute advice of any nature and prospective investors are recommended to seek independent legal, financial and tax advice before making any investment decision. Past performance is not a reliable indicator of future performance. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested.

The views contained herein are as of the date of this publication and may have changed since that time.

T. ROWE PRICE, INVEST WITH CONFIDENCE, and the Bighorn Sheep design are, collectively and/or apart, trademarks or registered trademarks of T. Rowe Price Group, Inc. in the United States, European Union, and other countries.  This material is intended for use only in select countries.

For accredited investors only. Not for further distribution.

SOURCE T. Rowe Price

For further information: CONTACT T. ROWE PRICE, PUBLIC RELATIONS - Bill Benintende, 410-345-3482, bill_benintende@troweprice.com; Lara Naylor, 410-577-8077, lara_naylor@troweprice.com; Bill Weeks, 410-345-4713, bill_weeks@troweprice.com; *For more information, contact Bruce Winch at 416-572-2582 or at bruce_winch@troweprice.com

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