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T. Rowe Price ("TRP") claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. T. Rowe Price has been independently verified for the twenty four-year period ended June 30, 2020, by KPMG LLP. The verification report is available upon request. A firm that claims compliance with the GIPS standards must establish policies and procedures for complying with all the applicable requirements of the GIPS standards. Verification provides assurance on whether the firm’s policies and procedures related to composite and pooled fund maintenance, as well as the calculation, presentation, and distribution of performance, have been designed in compliance with the GIPS standards and have been implemented on a firm-wide basis. Verification does not provide assurance on the accuracy of any specific performance report.

TRP is a U.S. investment management firm with various investment advisers registered with the U.S. Securities and Exchange Commission, the U.K. Financial Conduct Authority, and other regulatory bodies in various countries and holds itself out as such to potential clients for GIPS purposes. TRP further defines itself under GIPS as a discretionary investment manager providing services primarily to institutional clients with regard to various mandates, which include U.S, international, and global strategies but excluding the services of the Private Asset Management group.

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EMERGING MARKETS INVESTING

Today’s emerging markets, tomorrow’s powerhouses


A diverse opportunity set

Emerging markets are too varied to treat as a homogeneous asset class. Every country comes with its own distinct culture, idiosyncrasies, risks and opportunities and requires a different and considered approach.

At T. Rowe Price, our on-the-ground experience affords us a nuanced and selective view. We are ‘investment locals’, not tourists. Each country is our home, each opportunity our clients’ potential gain.

Economies like China, India and many others provide rich ground for long-term investors, who can no longer afford to underestimate the opportunities they offer, nor the promise they bring. Need some examples?

Trade volumes are expected to shift towards emerging markets, especially as annual consumption in emerging economies is poised to reach $30tn by 2025.1

By 2030, seven of the world’s ten largest economies by GDP will be emerging markets.2

Education standards in emerging markets are improving significantly on the back of economic growth and strong public investment.3

1 McKinsey: Winning the $30 trillion decathlon
Standard Chartered
3 Euromonitor International: Rising Education Standards in Emerging Market Economies Will Support Income and Economic Growth

Pioneers in emerging markets

We have been investing in emerging markets (EM) since 1980, the infancy of the asset class. Today, we manage more than US$88 billion* in developing markets for our clients across equity, fixed income and multi-asset investment strategies.

At T. Rowe Price, the active collaboration between our equity, fixed income and ESG analysts means we have true cognitive diversity, 360-degree perspectives, and experience across EM cycles.

Our analysts are experts in their fields - with backgrounds ranging from medicine to geology - who foster long-term partnerships with companies and governments in developing markets. Our fixed income research team often offer what we call “weather forecasts” for each individual EM economy. Incorporating this top-down view is particularly useful when analysing individual companies.

Our on-the-ground experience affords us a nuanced and selective view. With 79 research professionals, from 23 nationalities speaking 23 languages, we are ‘investment locals’, not tourists. 

*As at 31 March 2022. Emerging markets AUM includes assets managed by T. Rowe Price Associates, Inc. and its investment advisory affiliates.

40 years of commitment to Emerging Markets

Web

Our actively managed fund range

Our emerging market equity strategies
Our emerging market debt strategies

Emerging Insights

Want to know more? Get in touch.

If you have questions or would like more information about T. Rowe Price please contact us.



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– to be read in conjunction with the fund specific risks (click on fund name). 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 (Equity funds only). Counterparty risk – an entity with which the fund transacts may not meet its obligations to the fund (Fixed income funds only). ESG and Sustainability risk – may result in a material negative impact on the value of an investment and performance of the fund. 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.

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This marketing communication is for investment professionals only.

Not for retail distribution.The SICAV 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”). The OEIC Funds are sub-funds of the T. Rowe Price Funds OEIC, an investment company with variable capital incorporated in England and Wales which is registered with the UK Financial Conduct Authority and which qualifies as a 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. A summary of investor rights for the T. Rowe Price Funds SICAV is available in English at www.troweprice.com . The Management Company reserves the right to terminate marketing arrangements.

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.

EEA – Unless indicated otherwise this material is issued and approved by T. Rowe Price (Luxembourg) Management S.à r.l. 35 Boulevard du Prince Henri L-1724 Luxembourg which is authorised and regulated by the Luxembourg Commission de Surveillance du Secteur Financier. For Professional Clients only. 

UK - This material is issued and approved by T. Rowe Price International Ltd, 60 Queen Victoria Street, London, EC4N 4TZ which is authorised and regulated by the UK Financial Conduct Authority. For Professional Clients only. 

Switzerland - Issued in Switzerland by T. Rowe Price (Switzerland) GmbH, Talstrasse 65, 6th Floor, 8001 Zurich, Switzerland. For Qualified Investors only.© 2022 T. Rowe Price. All Rights Reserved. T. ROWE PRICE, INVEST WITH CONFIDENCE, and the Bighorn Sheep design are, collectively and/ or apart, trademarks of T. Rowe Price Group, Inc. 202204-2167727