Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

T. Rowe Price expands fixed income fund range

australian-market/fixed-income/bonds/fund-launch/T-Rowe-Price/

3 April 2024
| By Laura Dew |
image
image image
expand image

T. Rowe Price has launched a Global Government Bond High Quality Fund for wholesale and institutional investors.

This is the seventh Australian unit trust from the global asset manager and seeks to achieve capital appreciation and interest income by investing primarily in bonds issued by high quality governments, government-related entities and government agencies located around the world and in global currencies.

It is a benchmark aware and a highly flexible government bond strategy designed to seek consistent outperformance by exploiting inefficiencies within the global fixed income market and managing portfolios within a disciplined risk management framework.

It will be managed by Arif Husain, the firm’s chief investment officer and head of global fixed income.

Darren Hall, T. Rowe Price’s head of distribution and country head for Australia and New Zealand, said the fund demonstrates how the firm is seeking to offer products for a new market environment.

“Over many years, much of the return from bond markets has been made by steadily falling yields and tightening credit spreads. However, this benign investment environment was upended in 2022 as the US Fed, Reserve Bank of Australia and other central banks around the world embarked on a rapid rate hiking cycle to curb high inflation.

“This new market environment of structurally higher bond yields, higher volatility and greater dispersion between countries creates new opportunities for asset owners to think about their global fixed income program.”

He added Australia is one of the firm’s key growth targets globally for its ability to meet the demands of financial intermediary and institutional clients in the country.

This means it is actively seeking to invest in on-the-ground products, resources and marketing efforts to solidify its presence in Australia.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

1 week 6 days ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

2 weeks 6 days ago

So we are now underwriting criminal scams?...

6 months 3 weeks ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

2 weeks 1 day ago

A professional year supervisor has been banned for five years after advice provided by his provisional relevant provider was deemed to be inappropriate, the first time th...

4 weeks ago

WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial ...

2 weeks 5 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
3