T.Rowe Price’s fund added to BT list
T.Rowe Price's Australian Equity Fund has been added to BT Financial Group's High Services List (HSL).
The company's managing director, Murray Brewer, said that adjustments to its fund's fee structure, effective 1 September, had made the fund more compelling in a post-Future of Financial Advice (FOFA) environment.
He also stressed that the fund's HSL status was a testament to the quality conviction demonstrated by portfolio manager, Randal Jenneke, and his team.
"We rigorously assess every stock through a local and global expert lens in order to identify the potential for growth," Brewer said.
"In a more globalised investment market, we believe this ability to combine global research and local expertise gives us a discernible edge against competitors and a unique value proposition for portfolios."
T.Rowe Price established a dedicated Australian investment capability in 2010 with the appointment of Jenneke, who now manages a team of six analysts, and the launch of the Australian Equity Fund in 2012.
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