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.
Recommended for you
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.
