S&P maintains T.Rowe Price fund rating
Ratings house Standard & Poor's has announced it is maintaining its four-star rating on the T.Rowe Price Global Equity Fund despite the impending retirement of its lead portfolio manager.
It was announced this week that the lead portfolio manager, Robert Gensler, will retire effective from 31 December this year.
Gensler will be succeeded by Scott Berg, portfolio manager for the global equity core growth funds.
Gensler will continue as portfolio manager until June 30, 2012, after which date the portfolio will be transitioned to align with the global equity core growth strategy.
S&P analyst Justine Gorman said Berg has an excellent academic background combined with strong previous experience and training at T.Rowe Price.
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