T. Rowe Price Global Equity Growth Fund – Retail

Harbour has partnered with Baltimore-based global asset manager T. Rowe Price in bringing a global equity Portfolio Investment Entity (PIE) Fund to the New Zealand market. The Fund’s objective is to provide long-term capital appreciation by investing primarily in a portfolio of securities of companies which are traded, listed or due to be listed, on recognized exchanges and/or markets throughout the world. The portfolio may include investments in the securities of companies traded, listed or due to be listed, on recognized exchanges and/or markets of developing countries.

Monthly Fund Fact Sheet

Investment Style

T. Rowe Price follows a growth orientated active investment management approach to generate out-performance for a client’s portfolio. When evaluating a company’s prospects T. Rowe Price analysts consider industry trends, the cashflow generation capability of the company, its balance sheet strength, the quality of its management and the attractiveness of its share price relative to its growth profile. As a growth investor, the Portfolio Manager has a natural bias towards emerging market companies. The T. Rowe Price team travel extensively to these destinations. The Portfolio Manager recognises these companies can exhibit additional risk such as political risk and therefore takes smaller positions in individual companies as well as capping the total exposure to emerging markets at 15% above the benchmark weight.

Investment process details

Investor Suitability

This Fund actively invests in Global listed equities and therefore total returns may be volatile. This Fund may be suitable for investors with a long-term investment horizon. In making investment decisions it is important that retail investors seek and obtain any investment advice they require from their usual investment advisor.

In making investment decisions it is important that retail investors seek and obtain any investment advice they require from their usual investment advisor.

Independent Reviews

Morningstar - Bronze

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Performance to 31 May 2017 *

Return (after deductions for charges and tax) **

1 Mth 3 Mth 1 Yr 2 Yr 3 Yr 5 Yr
0.11% 11.39% 12.07%

Return (after deductions for charges but before tax)

1 Mth 3 Mth 1 Yr 2 Yr 3 Yr 5 Yr
0.24% 11.77% 13.63%

Market index return (reflects no deduction for charges and tax)

1 Mth 3 Mth 1 Yr 2 Yr 3 Yr 5 Yr
3.41% 11.99% 16.38%

The Market Index for this Fund is: MSCI All Country World Index (unhedged).

* Returns for periods less than a year are for the relevant period and not annualised; those of one or two years are annualised for the period shown. Past performance is not indicative of future results.

** Returns are after tax at the highest prescribed investor rate (PIR) of tax for an individual New Zealand resident. Your tax may be lower.

T. Rowe Price Global Equity Growth Fund Sector Weights May 2017

Unit Price (NZD)

12 June 20171.3147
6 June 20171.3112
29 May 20171.3225
22 May 20171.3276
15 May 20171.3488
8 May 20171.3267
24 April 20171.2694
10 April 20171.2567
31 March 20171.2434
27 March 20171.2248
20 March 20171.2313
13 March 20171.2377
6 March 20171.2192
28 February 20171.1774
20 February 20171.1846
13 February 20171.1796
7 February 20171.1378
30 January 20171.1434
16 January 20171.1512
9 January 20171.1567
6 January 20171.1638
30 December 20161.1397
29 December 20161.1437
12 December 20161.1045
5 December 20161.0990
30 November 20161.1088
28 November 20161.1103
21 November 20161.1119
14 November 20161.1003
7 November 20161.0909
31 October 20161.1207
25 October 20161.1377
17 October 20161.1280
10 October 20161.1519
3 October 20161.1336
30 September 20161.1245
26 September 20161.1210
19 September 20161.1076
12 September 20161.1124
5 September 20161.1286
31 August 20161.1239
29 August 20161.1267
22 August 20161.1222
15 August 20161.1410
8 August 20161.1353
31 July 20161.1293
25 July 20161.1496
18 July 20161.1262
11 July 20161.0872
30 June 20161.0842
20 June 20161.0912
13 June 20161.0983
7 June 20161.1368
31 May 20161.1582
30 May 20161.1694
23 May 20161.1318
16 May 20161.1383
9 May 20161.1307
29 April 20161.1171
26 April 20161.1391
18 April 20161.1250
11 April 20161.1115
31 March 20161.1088
29 March 20161.1188
21 March 20161.1327
14 March 20161.1301
7 March 20161.0894
29 February 20161.0825
31 January 20161.1079
31 December 20151.1347
30 November 20151.1885
31 October 20151.1626