Russell appoints T.Rowe Price to global equities fund
Russell Investment Group has added T. Rowe Price International (TRPI) to its global opportunities fund, where it will manage 15 per cent of the established global equities fund alongside existing managers Arrowstreet, MFS and Axiom.
Russell portfolio manager Kathy Cave said TRPI’s style of fundamental growth investing would complement the investment strategies already operating in the fund.
Cave said TRPI was chosen because it offered a broader opportunity set than other growth managers, with portfolios usually portraying a mid-cap bias with a high-stock turnover.
“TRPI’s stock selection process identifies fundamental research as the key driver — interviewing management and getting a first hand look at operations before factoring in local and macro markets — ensuring value add at the grassroots level,” she said.
“We were pretty impressed with what Rob Gensler, the portfolio manager at TRPI has been doing. We regard him very highly, as we do the rest of the team.”
The fund was launched in December 2004 and has Australian sourced funds under management totalling $771 million.
It has market exposure across North America, Europe, Japan, UK, emerging markets and Asia.
Recommended for you
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
