T. Rowe Price Strategic Investing Approach Has Benefited Our Global Equity Results

Rigor and conviction have created opportunities for clients.

Key Points

  • A T. Rowe Price performance study of 16 of our actively managed non-U.S. equity funds compared with competing passive investment vehicles found that the value added by our strategic investing process was significantly positive for a majority of the funds included in the study.1
  • Over the rolling three-year periods we studied, 94% of the T. Rowe Price funds (15 of 16) posted positive active success rates after fees and costs. The average excess return over those periods was 1.38%.
  • We attribute our success to our practice of going beyond the numbers, by traveling to meet companies we invest in and debating and sharing investment insights to understand the complex dynamics of investment opportunities.

Consider the investment objectives, risks, and charges and expenses carefully before investing. For a prospectus or, if available, a summary prospectus containing this and other information, call 1-800-225-5132 or visit troweprice.com. Read it carefully. For all other funds, please contact the fund sponsor’s website.

1In this study, we compared the returns achieved by our funds over various time horizons with the returns for competing passively managed funds pursuing similar investment objectives. All funds included in the passive competitor composites were flagged by Morningstar as index funds or ETFs in its U.S. classification database. Funds were further screened by T. Rowe Price analysts to ensure they were truly representative of their assigned passive categories and had investment characteristics consistent with the objectives of the T. Rowe Price funds. See the appendix for additional details on our methodology.

Additional Disclosures

Morningstar—© 2019 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

MSCI and its affiliates and third party sources and providers (collectively, “MSCI”) makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed, or produced by MSCI. Historical MSCI data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

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Important Information

This material is provided for informational purposes only and is not intended to be investment advice or a recommendation to take any particular investment action.

The views contained herein are those of the authors as of June 2019 and are subject to change without notice; these views may differ from those of other T. Rowe Price associates.

Risk: All investments are subject to risk, including the possible loss of principal. International investments can be riskier than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as specific country, regional, and economic developments. These risks are generally greater for investments in emerging markets.

This information is not intended to reflect a current or past recommendation, investment advice of any kind, or a solicitation of an offer to buy or sell any securities or investment services. The opinions and commentary provided do not take into account the investment objectives or financial situation of any particular investor or class of investor. Investors will need to consider their own circumstances before making an investment decision.

Information contained herein is based upon sources we consider to be reliable; we do not, however, guarantee its accuracy.

Past performance is not a reliable indicator of future performance. All charts and tables are shown for illustrative purposes only.