Factsheet: T. Rowe Price Global Focused Gr Eq Q GBP

Global Growth

Rated Fund 2017-2018. Concentrates on finding the best ideas

This Luxembourg-domiciled fund has been managed since 2012 by US-based David Eiswert. He takes an unconstrained, high-conviction approach. The fund's portfolio consists of 60 to 80 of Eiswert's best ideas, with the top 10 holdings accounting for around one quarter of assets.

Through in-house research, he seeks to identify companies with sustainable competitive advantages, market share gains, positive change dynamics and shareholder-focused management teams. Although selection of the right companies is his first priority, he also considers macroeconomic and local market factors to refine his industry and company analysis. His aim is to construct a high-growth portfolio by emphasising improving business fundamentals and accelerating return on capital.

The fund offers exposure to more than 15 countries. The US is its largest geographical weighting at more than 50 per cent. The remaining assets are split between a host of countries including the UK, Japan, China, the Netherlands, India, Hong Kong and Spain.

Eiswert has high conviction in the technology sector. He points out that this is an area where rapid shifts in market share mean growth companies are plentiful, regardless of the broader macroeconomic environment, and adds that rapid growth in the use of the internet, particularly in Asia, has yielded many compelling opportunities. He is looking for innovative companies with the potential to be true market disruptors.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
T. Rowe Price Global Focused Gr Eq Q GBP
Manager
T. Rowe Price (Luxembourg) Management S.à r.l.
Type
SICAV
ISIN
LU1028172499
Sector
Global
Launched
31/01/2014
OCF
0.92 %
Risk Rating
4
3 Year Sharpe
1.38
3 Year Alpha
3.56
Yield
0 %
Benchmark
MSCI ACWI NR USD
The Fund’s objective is to provide long-term capital appreciation by investing primarily in a diversified portfolio of transferable equity and equity-related securities of companies listed on the world’s equity markets. The portfolio may include investments in the securities of companies listed on the stock exchanges of developing countries. The Fund will emphasise investment in companies that have the potential for above average and sustainable rates of earnings growth.
Holding %
JPMorgan Chase & Co 3.06 %
Booking Holdings Inc 3.00 %
Amazon.com Inc 2.84 %
Alphabet Inc A 2.74 %
Becton, Dickinson and Co 2.29 %
Salesforce.com Inc 2.00 %
Charles Schwab Corp 1.96 %
Assa Abloy AB B 1.94 %
Crown Castle International Corp 1.85 %
London Stock Exchange Group PLC 1.84 %
Region %
United States 64.24 %
Asia - Emerging 8.99 %
Japan 7.82 %
Eurozone 7.59 %
Sector %
Technology 27.35 %
Financial Services 18.43 %
Consumer Cyclical 16.80 %
Healthcare 14.49 %
Industrials 9.32 %
Name
T. Rowe Price (Luxembourg) Management S.à r.l.
Address
Luxembourg
UCITS
Yes
Legal Structure
SICAV

Managers

David Eiswert
Joined 09/30/2012

David Eiswert is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc. He is also a portfolio manager of the Global Focused Growth Equity Strategy, a role he has held since October 1, 2012. David is the president and chairman of the Investment Advisory Committee of the Global Stock Fund and the Institutional Global Focused Growth Equity Fund. Prior to his role with the Global Stock Fund, David managed the Global Technology Strategy for almost four years.

Data provided by Morningstar.

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