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The listed funds are not an exhaustive list of funds available. Visit www.funds.troweprice.com to see the full range of funds offered by T. Rowe Price, including those that consider environmental and social characteristics as part of their investment process. For up to date information regarding any T. Rowe Price fund's investment strategy, please see the relevant fund KID and prospectus.
SICAV
Global Real Estate Securities Fund
An actively managed, high conviction portfolio of typically between 40-80 real-estate securities diversified by property type and geography, including emerging markets. Investments may include real estate investment trusts (REITs), real estate operating companies (REOCs), and other real estate-related entities. The fund is categorised as Article 8 under Sustainable Finance Disclosure Regulation (SFDR).
ISIN LU0382932225
Overview
Strategy
Fund Summary
We seek to make well-timed investments in undervalued real estate companies, favouring high quality real estate in land-constrained markets. We aim to identify real estate with a high asset base potential to build a well-diversified portfolio. The promotion of environmental and/or social characteristics is achieved through the fund's commitment to maintain at least 10% of the value of its portfolio invested in Sustainable Investments, as defined by the SFDR. Additionally, we apply a proprietary responsible screen (exclusion list). The manager is not constrained by the fund’s benchmark, which is used for performance comparison purposes only.
Team

Jai Kapadia,
Portfolio Manager
Portfolio Manager
Jai Kapadia is a regional portfolio manager in the International Equity Division. He manages the Global Real Estate Equity Strategy and is responsible for stock selection for the Asia-Pacific region.
Jai’s investment experience began in 2004, and he has been with T. Rowe Price since 2011, beginning as an analyst and associate director of research in the Equity Research Group in Hong Kong, where he covered Asian conglomerates, real estate, and Indian pharmaceuticals. Prior to joining the firm, Jai was employed by Credit Suisse, covering telecommunication equipment stocks, and by Sirios Capital, covering consumer stocks.
Portfolio Manager
since
2021
Years at T. Rowe Price
9
Years investment experience
14

Brian Dausch,
Portfolio Specialist
Portfolio Specialist
Brian Dausch is a portfolio specialist in the U.S. Equity Division working closely with institutional clients, consultants, and prospects.
Years at
T. Rowe Price
T. Rowe Price
21
Years investment experience
22