T. Rowe Price Launches First Impact Fund
The fund will employ an active management approach to seek companies that are on the right side of these changes. It will initially be offered to U.S. investors, but the firm intends eventually to introduce the strategy to clients around the world.
The fund will seek out companies that can potentially provide excess returns over its benchmark, the
T. Rowe Price Global impact Equity FUND DETAILS
- The fund will be aligned with the United Nations Sustainable Development Goals (UNSDGs), a globally recognized framework designed to end poverty, ensure prosperity, and protect the planet.
- The fund will be managed by Hari Balkrishna. Mr. Balkrishna has 15 years of investment industry experience, including the last decade at
T. Rowe Price. From 2015 until the end of last year, he was Associate Portfolio Manager of the firm's Global Growth Equity Strategy. Having lived and worked on five continents, Mr. Balkrishna has a keen understanding of the many different social systems around the world and he is personally passionate about addressing climate change.
- The fund will employ an all-capitalization, high-conviction approach, typically owning between 55 and 85 securities, focused on those that Mr. Balkrishna believes will create positive environmental and social impact, along with attractive returns, over a long-term time horizon.
- As with other
T. Rowe Pricestrategies, the fund will draw upon the firm's global equity research platform, comprising 203 equity research analysts, 10 sector portfolio managers, and 73 regional and diversified portfolio managers. In addition, the fund will tap the deep expertise of the firm's Environmental, Social and Governance (ESG) experts and responsible investing research analysts as well as its proprietary Responsible Investing Indicator Model (RIIM), a database detailing how more than 15,000 securities measure up against established environmental and social parameters.
- The net expense ratio for the Investor Class shares (Ticker: TGPEX) is 0.94% and the minimum initial investment is
- The net expense ratio for the I Class shares (Ticker: TGBLX) is 0.79% and the minimum initial investment is
Hari Balkrishna, Portfolio Manager,
"The world and financial markets have reached a turning point with respect to addressing the health of our planet and the widespread inequality that continues to plague society at large. Increasingly, global investors want to invest not just in accordance with their wallets but with their values. The opportunity to own businesses that foster positive environmental and social change is broader than it has ever been. Being on the right side of these changes creates real opportunity to select stocks that can provide attractive financial returns along with positive impact on the planet and our society. With our deep fundamental and responsible investing research capabilities, we are excited about capturing these opportunities for our clients."
Download a prospectus or obtain one by calling 1-800-541-8803. The prospectus includes investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing.
Founded in 1937,
All funds are subject to market risk, including the possible loss of principal. The fund may not succeed in generating a positive environmental and/or social impact. The definition of "impact investing" will vary according to an investor's beliefs and values. There is no guarantee that T. Rowe Price's definition of impact investing, security selection criteria, or investment judgment will reflect the beliefs or values of any particular investor. The fund is subject to the unique risks of international investing, including unfavorable currency exchange rates and political or economic uncertainty abroad. To the extent the fund has investments in emerging market countries; it will be subject to abrupt and severe price declines.
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