T. Rowe Price strategy added to CFS platform

T.Rowe-Price/colonial-first-state/FirstChoice/platform/australian-equities/

14 May 2018
| By Oksana Patron |
image
image image
expand image

T. Rowe Price has announced that its Australia Equity Strategy, which aims to provide investors with access to a high-conviction portfolio, is now available on Colonial First State’s FirstChoice investment menu.

The strategy, led by the firm’s head of Australian equities, Randal Jenneke, would be T. Rowe Price’s second strategy available on the FirstChoice platform after the firm’s Global Growth Equity strategy was added in May 2016.

Jenneke said the strategy’s valuation discipline helped identify companies with the potential to grow faster than the market, while offering an attractive rate of return.

At the same time, it offered downside capital management, due to lower drawdowns in periods where the equity market sold off.

“Investors should determine if what they invested into 10 to 15 years ago is considerably different to what they originally bought as a consequence of significant asset gathering,” T. Rowe Price head of relationship management Australia and New Zealand, Murray Brewer said.

“A strong discipline to capacity management, as is the approach taken by our strategy, helps to mitigate these issues.”

With A$1.2 billion raised in assets under management (AUM) from Australian sourced clients, the firm said it managed assets of over A$1.32 trillion globally.

Financial advisers in Australia could also choose from T. Rowe Price’s other equity and fixed income strategies across multiple asset classes throughout the developed, emerging and frontier markets, including the Global Equity Strategy (Hedged and Unhedged), Dynamic Global Bond Strategy and the Asia ex-Japan Strategy offerings.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

6 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

8 months ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

3 weeks 4 days ago

Despite the financial adviser exam being rooted in ethics, two professional year advisers believe the lack of support and transparency from the regulator around the exam ...

2 weeks 3 days ago

ASIC has banned two advisers from the same advice firm for giving clients inappropriate superannuation advice that was not in their best interests. ...

3 weeks 3 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
3