Emerging Market Investing at T. Rowe Price
Consistently turning insights into investment opportunities
 
We have been providing clients with Emerging Markets opportunities since 1980, before the term was even coined. Today, EM investing is embedded in our culture. As one of the world’s largest asset managers, we invest more than US$80 billion in active EM equity and debt holdings to help you reach your long-term goals.
 
 

4 reasons to choose T. Rowe Price
for Emerging Markets:

  • Our firm has been active in emerging markets since the infancy of the asset class

  • We manage more than US$80 billion in emerging market AUM1

  • Our clients benefit from the global resources of one of the world’s
    largest asset managers

  • Collaboration between our EM equity and fixed income analysts offers deeper insight

Our approach:

Investment professionals across the entire organisation share insights, enabling us to evaluate companies from many angles and bring broader and deeper analysis to our clients. Our EM debt and equity analysts made more than 150 research trips in 2018, typically travelling together. We believe there are synergies to this approach. For example, the sovereign debt analysts can offer the benefits of our macroeconomic insights and their pre-existing relationships with government and central bank officials. Equity analysts’ sector expertise can, for example, help their counterparts assess corporate bond opportunities and offer access to knowledgeable businesspeople.

 

A long-term commitment to Emerging Markets:


1
Emerging Market AUM includes assets managed by T. Rowe Price Associates, Inc. and its investment advisory affiliates
Fixed Income

May 2020 / INVESTMENT INSIGHTS

EM Corporate Debt’s Time Has Come

EM Corporate Debt’s Time Has Come

EM Corporate Debt’s Time Has Come

Its role in investor portfolios is set to expand

By Yoram Lustig

Yoram Lustig Head of Multi-Asset Solutions, EMEA

 

 

Frontier Markets
INVESTMENT INSIGHTS
Funds in Focus
RELATED FUND
SICAV
Class I USD
ISIN LU0596126465
A diversified portfolio of typically 100 to 150 securities in mainly corporate bonds from emerging market issuers. We would expect the bulk of value added to come from security selection, with the rest from sector selection. We employ a long-term investment horizon, combined with low portfolio turnover. View More...
3YR Return
(Annualised)
2,29%
Fund Size
(USD)
$141,2m
Avg Coupon
5,74%
Avg Maturity
6,89 yrs
Avg Duration
5,96 yrs
 
RELATED FUND
SICAV
Class I USD
ISIN LU1044871900
A high conviction portfolio of around 40-70 Asia ex-Japan companies that we believe can reliably compound earnings and sustain strong cash flow generation over time. Put simply, we aim to buy high quality businesses run by high quality people.
View More...
3YR Return
(Annualised)
7,66%
Fund Size
(USD)
$148,3m
RELATED FUND
SICAV
Class I USD
ISIN LU1079765662
A portfolio of around 60-80 high quality, high growth companies from across frontier markets. The fund aims to offer pure exposure to the dynamic and fast-growing regions of frontier markets, which we define as any country not included in developed or emerging market indices.
View More...
3YR Return
(Annualised)
-7.56%
Fund Size
(USD)
$117.9m

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

Fixed Income Risks: Foreign Currency Risk: Transactions in securities denominated in foreign currencies are subject to fluctuations in exchange rates which may affect the value of an investment. Debt Risk: Debt securities could suffer an adverse change in financial condition due to ratings downgrade or default which may affect the value of an investment. Emerging Market Risk: Where funds invest in less developed regions returns can be more volatile than other, more developed, markets due to changes in market, political and economic conditions. High Yeld Risk: Investments in High Yield involve a higher element of risk.

Equity Risks: Foreign Currency Risk: Transactions in securities of foreign currencies may be subject to fluctuations of exchange rates which may affect the value of an investment. Funds are subject to the volatility inherent in equity investing, and their value may fluctuate more than funds investing in income-oriented securities.. Concentration Risk: certain funds are subject to sector concentration risk and are more susceptible to developments affecting those sectors than funds with a broader mandate. Emerging Market Risk: Where funds invest in less developed regions returns can be more volatile than other, more developed, markets due to changes in market, political and economic conditions. Investments are less liquid than those which trade on more established markets. Smaller Companies Risk: Investment in small companies involves greater risk than is customarily associated with larger companies, since small companies often have limited product lines, markets or financial resources. Style Risk: The value approach carries the risk that the market will not recognize a security’s true worth for a long time, or that a security judged to be undervalued may actually be appropriately priced. There is an increased risk where a fund has the ability to employ both growth and value approaches

Past performance is not a reliable indicator of future performance

Source for performance: T. Rowe Price. Fund performance is calculated using the official NAV with distributions reinvested, if any. 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. Sales charges, taxes and other locally applied costs have not been deducted and if applicable, they will reduce the performance figures.

Daily performance data is based on the latest available NAV

Important Information:

The Funds are sub-funds of the T. Rowe Price Funds SICAV, a Luxembourg investment company with variable capital which is registered with Commission de Surveillance du Secteur Financier and which qualifies as an undertaking for collective investment in transferable securities (“UCITS”). 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 

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.