T. Rowe Price extends Australian capability
Fund manager, T. Rowe Price announced this week it had extended its global fixed income solutions capability to Australia
Announcing the move, the companys’ head of Relationship Management in Australia and New Zealand, Murray Brewer, said the firm’s global fixed income team was partnering with clients to structure solutions around their portfolio income objectives.
He said income solutions had already been developed separately for BT Financial Group and Mosaic, part of the SFG Australia group of companies.
The Dynamic Global Bond Fund complements BT Financial Group’s objective based income models, while the Specialist Income Fund developed in partnership with Mosaic provides a flexible global fixed income solution for use by Shadforth Financial Group and aligned advisers’ client base.
“We have been actively reviewing fixed income managers in Australia to find the best of breed, and are delighted to partner with T. Rowe Price to offer this solution to our advisers and their clients,” SFG Australia chief investment officer, Matthew Drennan said.
T. Rowe Price manages over $174 billion in fixed income assets globally.
The two initial income portfolios developed by T. Rowe Price in Australia are managed by Arif Husain, the firm’s Head of International Fixed Income, and aim to consistently deliver cash plus 200 with downside risk protection.
AUTHOR
Mike Taylor
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