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- The Fund is actively managed and invests mainly in a widely diversified portfolio of undervalued shares of companies (i.e. shares of companies which the Investment Manager considers are inexpensive relative to the market, peers, and the shares’ own history) anywhere in the world, including emerging markets.
Investment in the Fund involves risks, including general investment risk, equity market risk, geographic concentration risk, risks associated with depositary receipts, currency risks and exclusion criteria risk which may result in loss of a part or the entire amount of your investment.
- The Fund may use derivatives for hedging and efficient portfolio management and is subject to derivatives risk. Exposure to derivatives may lead to a risk of significant loss by the Fund.
- The value of the Fund can be volatile and could go down substantially.
- Investors should not invest in the Fund solely based on this website.
Balanced across the Value spectrum
Different types of value work at different times. The fund manager seeks a balanced approach and aims to invest in:
- Higher quality, more defensive value
- More cyclical and deep value, lower quality names (higher potential upside and uncertainty)
- Our best Value ideas across regions, industries and market capitalisation
- Portfolio positions are sized to reflect risk/reward, especially the bear case
- A patient approach with different investment horizons for different value ideas to work
One of the best performing funds
As of 30 June 2021:
- The Fund was ranked in the 1st quartile among peers in terms of 3-year, 5-year and since inception returns¹
Past performance is not a reliable indicator of future performance.
1 Source: Morningstar. As of 30 June 2021. Fund performance is based on Class A (USD), incepted in 28 November 2012. Peer group refers to the Morningstar “Global Large-Cap Value Equity” Category (Hong Kong SFC Authorised universe). SFC authorisation is not a recommendation or endorsement of a product nor does it guarantee the commercial merits of a product or its performance. It does not mean the product is suitable for all investors nor is it an endorsement of its suitability for any investor or class of investors.
Fund performance information (Class A USD): - 2016: 8.43%; 2017: 18.26%; 2018: -15.44%; 2019: 23.93%; 2020: 9.63%; YTD (as of 30 June 2021): 13.15%.
Source for performance: T. Rowe Price. Fund performance is calculated using the official NAV in share class currency with distributions reinvested, if any. Sales charges, taxes and other locally applied costs have not been deducted and if applicable, they will reduce the performance figures.
Global Value Equity Fund
28 November 2012
MSCI World Net Index
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Value Equity insights
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Unless otherwise stated, all data is as of 30 June 2021 and sourced from T. Rowe Price. Certain numbers in this website may not add due to rounding and/or the exclusion of cash.
This website is being furnished for general informational purposes only. The website 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.
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Investment involves risks. Investors should refer to the offering documents for full details including the objectives, investment policies and risks factors.