T. Rowe Price launches Australian unit trust and SMA
T. Rowe Price has expanded its suite of global equities investment products available to Australian and New Zealand advisers and wholesale investors with the launch of an Australia unit trust and separately managed account (SMA).
The Global Select Equity Strategy via the Concentrated Global Equity Australian Unit Trust (AUT) and the Global Select Equity SMA would harness the firm’s research platform.
It would seek to deliver a high conviction portfolio of global companies exposed to durable growth potential by being on the right side of secular change.
The Concentrated Global Equity AUT and the Global Select Equity SMA held 30 to 45 mature companies that were selected to seek positive excess returns against the MSCI World ex Australia Index Net over a full market cycle.
Darren Hall, T. Rowe Price head of distribution for Australia and New Zealand, said: “The Concentrated Global Equity AUT and Global Select Equity SMA provide high exposure to global companies that Australians often don’t have the time or resources to research properly.
“We are very pleased to expand our global equity investment range with this high conviction investment offering that leverage T. Rowe Price’s award-winning global equities investment capability.
“We believe it is a strong, timely fit for current market conditions that reward rigorous research and conviction.”
The Global Select Equity SMA was initially offered through Brisbane-based private wealth firm Emanuel Whybourne for a limited time and was now available to all advisers and private wealth investors.
Ryan Loehr, partner at Emanuel Whybourne, commented, “We chose to partner with T. Rowe Price because of the breadth and quality of its global research platform; and in particular, to shift from growth to a more style-neutral strategy as inflation concerns challenge corporate valuations. This partnership has delivered exceptional results for our clients”.
Recommended for you
Government has introduced a bill to Parliament to legislate the first stream of the QAR reforms.
ASIC now has a 1:1 ratio when it comes to court success in the enforcement of crypto activities and more action is expected as Treasury seeks to introduce a regulatory framework.
A leading governance body has hit out at “specialist interest groups proposing ad hoc law reform” when it comes to reforms of financial services legislation and believes an independent body is needed.
The release of ALRC’s final report into financial services legislation has highlighted financial advice as a “significant” focus as it seeks to reduce costs and help advisers understand their obligations, alongside the Quality of Advice Review.
