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
Multiple industry organisations have shared their thoughts on AFCA’s proposed rules amendment, supporting the idea of firms being named publicly when they fail to comply with determinations.
Channel Capital has appointed a head of investment oversight who joins from 14 years at asset consulting firm JANA Investment Advisers.
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
