A diversified fund of around 150-200 holdings focused on durable companies with superior growth prospects

At a glance:

Fund launch date:
ISIN:

SICAV:

28 August 2013

SICAV:

LU0867066879

OCF:
Sedol:

SICAV:

0.92%

SICAV:

B8H3X64

Scott Berg

Portfolio Manager

Why T. Rowe Price Global Growth Equity Fund?

Our team and investment framework are designed to uncover actionable insights anywhere in the world.

Specifically, we are looking for companies in attractive industries with improving fundamentals and potential for above-average and sustainable rates of earnings growth, when we believe valuations offer us high conviction, upside potential. Unlike many global equity managers, we do not limit our exposure to developed markets. Our approach to emerging markets is to own a diversified portfolio of high conviction ideas with a focus on the most fertile areas for growth—particularly in sectors where opportunities for growth in developed markets is limited, such as consumer and financials.

Ratings

Harnessing our best ideas globally with T. Rowe Price Global Growth Equity Fund

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What I really love is finding stock ideas where there is inefficiency, where the mosaic of fundamentals is complex, and where we have a real fundamental research edge or advantage.

Scott Berg,
Portfolio Manager

3 reasons to consider this fund

Our Global Growth Equity fund seeks to identify “best ideas” by assessing companies in a global sector context, using a bottom-up approach to create a focused, high-conviction portfolio.

1

A truly global portfolio

We invest in around 30 different countries, which is about twice the number of a typical global equity portfolio. Around half are in emerging markets which offer access to favourable growth dynamics, such as demographics and consumption. These are not available in developed markets and we believe this is crucial to producing a broader and potentially more rewarding portfolio.

2

Durable growth, durable returns

Superior and sustainable growth is scarce in today’s world and often overstated by the market. We concentrate on what we do well – finding businesses in which we have insights about cash flow and durable earnings growth that can endure both prosperous and challenging markets – which can help the consistency of portfolio returns over time, in both up and down markets.

3

Diversified sources of alpha

We embrace a very broad definition of growth in the pursuit of identifying companies with attractive future prospects, which may include cyclicals or recovery segments. This combined with the strength of our research platform means we have generated diversified and high conviction stock-picking alpha across global sectors and within geographic regions for our clients.

Key Risks

The following risks are materially relevant to the fund (refer to prospectus for further details):

Currency risk – changes in currency exchange rates could reduce investment gains or increase investment losses.

Emerging markets risk – emerging markets are less established than developed markets and therefore involve higher risks.

Small and mid-cap risk – stocks of small and mid-size companies can be more volatile than stocks of larger companies.

Style risk – different investment styles typically go in and out of favour depending on market conditions and investor sentiment.

Volatility risk – the performance of the fund has a risk of high volatility

General fund risks – to be read in conjunction with the fund specific risks above.

Capital risk – the value of your investment will vary and is not guaranteed. It will be affected by changes in the exchange rate between the base currency of the fund and the currency in which you subscribed, if different.

Equity risk – in general, equities involve higher risks than bonds or money market instruments.

Geographic concentration risk – to the extent that a fund invests a large portion of its assets in a particular geographic area, its performance will be more strongly affected by events within that area.

Hedging risk – a Fund’s attempts to reduce or eliminate certain risks through hedging may not work as intended.

Investment fund risk – investing in funds involves certain risks an investor would not face if investing in markets directly.

Management risk – the investment manager or its designees may at times find their obligations to a fund to be in conflict with their obligations to other investment portfolios they manage (although in such cases, all portfolios will be dealt with equitably).

Operational risk – operational failures could lead to disruptions of fund operations or financial losses.

Other global equity funds

Want to know more about our global equity capabilities?

*T. Rowe Price Funds SICAV – Global Growth Equity Fund.

Full details of the objectives, investment policies and risks are located in the prospectus which is available with the key investor information documents in English and in an official language of the jurisdictions in which the Funds are registered for public sale, together with the articles of incorporation and the annual and semi-annual reports (together “Fund Documents”). Any decision to invest should be made on the basis of the Fund Documents which are available free of charge from the local representative, local information/paying agent or from authorised distributors and via www.troweprice.com. Please note that the Fund typically has a risk of high volatility.

Past performance is not a reliable indicator of future performance

Ratings data as at 31 December 2020 unless otherwise stated.

“Morningstar Analyst Rating™ calculated annually. Silver rating as at 19 September 2019.

Morningstar 5 star rating applies to T. Rowe Price Funds SICAV – Global Growth Growth Equity Fund as at 30 September 2020. The Morningstar Rating is updated on a monthly basis. For the latest ratings information please visit the Morningstar website.

©2020 FE. All Rights Reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FE, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by FE, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (5) are not warranted to be correct, complete, or accurate. FE shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. FE does not guarantee that a fund will perform in line with its FE Crown Fund Rating as it is a reflection of past performance and Rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision. www.trustnet.com

Scott Berg

Portfolio Manager

Scott Berg is the portfolio manager of the Global Growth Strategy.

He joined the firm in 2002 as an investment analyst covering the business services sector after serving as a summer intern in 2001. Prior to joining T. Rowe Price, Scott was the manager of financial planning and analysis at Mead Consumer and Office Products. Previously, he was employed as a business analyst at McKinsey & Company. Scott graduated first in his class from Macquarie University in Australia, with a B.Ec. in actuarial studies and finance.

He also holds an M.B.A. from Stanford Graduate School of Business, where he graduated at the top of his class. Scott has earned the Chartered Financial Analyst designation.

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