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June 2022 / NEWS

David Stanley, Portfolio Manager in T. Rowe Price’s Fixed Income division, Citywire rating

The fund manager has been ranked amongst the top five fund managers who have spent the most consecutive months rated above the benchmark

David Stanley is a portfolio manager in the Fixed Income Division at T. Rowe Price, responsible for European corporate bond selection. He is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd. 

Stanley has 32 years of investment experience, 16 of which have been at T. Rowe Price. Prior to joining the London team in 2003, he was employed by Bank of America Capital Management, where he was a director and portfolio manager responsible for the analysis of international corporate bonds and cash investments. Prior to working for Bank of America, David Stanley was employed for eight years in Morgan Stanley Asset Management's London office, where he served as a fixed income fund manager responsible for international corporate bonds. Stanley earned a B.A. in economics and social studies from the University of Manchester. 

In May 2022, Citywire Selector published a ranking of the top five fund managers who have spent the most consecutive months rated above the benchmark. T. Rowe Price’s Citywire AA-rated David Stanley has been ranked third with the longest consecutive Citywire rating.1 The publication informed that since November 2011, Stanley has summed 127 months of consecutive Citywire ratings, out of which 52 were spent as AAA-rated. This comes from one single fund, the T. Rowe Price Funds SICAV Responsible Euro Corporate Bond Fund, which Stanley has managed for two decades. The Responsible Euro Corporate Bond Fund, also rated with Morningstar’s five stars, celebrates its 20 anniversary this year. The fund aims to maximise the value of its shares through both growth in the value of, and income from, its investments. It is actively managed and invests mainly in a diversified portfolio of corporate bonds. 

How do the Citywire Selector Ratings work?2

Citywire launched its Fund Manager Ratings over 18 years ago. The ratings calculate the total percentage returns generated by individual fund managers in a sector and show which funds they are currently managing. These ratings consider three-year performance and are updated monthly. To be rated, a fund manager will need to beat his or her benchmark over a three-year period. According to the publication, the methodology is approved by AKG, and independent actuary.   

PERFORMANCE At 31 May 2022.

Past performance is not a reliable indicator of future performance. 

IMPORTANT INFORMATION

This material is being furnished for general informational and/or marketing purposes only. The material does not constitute or undertake to give advice of any nature, including fiduciary investment advice, nor is it intended to serve as the primary basis for an investment decision. Prospective investors are recommended to seek independent legal, financial and tax advice before making any investment decision. T. Rowe Price group of companies including T. Rowe Price Associates, Inc. and/or its affiliates receive revenue from T. Rowe Price investment products and services. Past performance is not a reliable indicator of future performance. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested.

The material does not constitute a distribution, an offer, an invitation, a personal or general recommendation or solicitation to sell or buy any securities in any jurisdiction or to conduct any particular investment activity. The material has not been reviewed by any regulatory authority in any jurisdiction.

Information and opinions presented have been obtained or derived from sources believed to be reliable and current; however, we cannot guarantee the sources' accuracy or completeness. There is no guarantee that any forecasts made will come to pass. The views contained herein are as of the date noted on the material and are subject to change without notice; these views may differ from those of other T. Rowe Price group companies and/or associates. Under no circumstances should the material, in whole or in part, be copied or redistributed without consent from T. Rowe Price.

The material is not intended for use by persons in jurisdictions which prohibit or restrict the distribution of the material and in certain countries the material is provided upon specific request.  

It is not intended for distribution to retail investors in any jurisdiction.

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David Stanley, Portfolio Manager in T. Rowe Price’s Fixed Income division, Citywire rating
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RELATED FUND
SICAV
Class I
ISIN LU0133091248
This actively managed diversified fund invests predominantly in corporate bonds denominated in euros. Environmental, Social and Governance (ESG) considerations are integrated into the investment process as a component of the investment decision. The fund is categorised as Article 8 under Sustainable Finance Disclosure Regulation (SFDR). View More...