T Rowe Price International Sarl Asset manager

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Name
T Rowe Price International Sarl

Founded in 1937 by Thomas Rowe Price, Jr., T. Rowe Price is an independent, publicly traded investment management firm solely focused on providing investment management and long-term results for our clients. 


A global firm, operating in 16 countries across Europe, the Americas, Asia and the Middle East, managing over 894 bn EUR¹ in assets across a full range of investment strategies.


We employ 6,796 people worldwide, including 578 investment professionals and 82 portfolio managers. 


Our significant organisational and financial stability (no long-term debt, significant liquid assets and shareholder equity) and experience through all types of market conditions contribute to a business strategy designed to produce strong performance for the long-term. 


Employee ownership of the shares in the company is significant at nearly 17% of the firm’s outstanding shares. We believe this supports our focus on the long term for our clients and staff. 


T. Rowe Price manages assets on behalf of many of the world’s leading corporations, public retirement


plans, foundations, endowments, financial intermediaries, and sovereign entities.


Our Head Office is in Baltimore, US.  Other key offices are in London and Hong Kong. In 2004, we opened an office in Amsterdam, the Netherlands where we are fully dedicated to servicing our Dutch clients. 


 


¹The combined assets under management of the T. Rowe Price group of companies in USD and converted to Euros using an exchange rate determined by an independent third party. The T. Rowe Price group of companies includes T. Rowe Price Associates, Inc., T. Rowe Price International Ltd, T. Rowe Price Hong Kong Limited, T. Rowe Price Singapore Private Ltd., and T. Rowe Price (Canada), Inc. All figures above are as of 30 June 2017 unless otherwise stated.


Research & content

Asset Category

Published 14-11-2019
An actively managed global high yield portfolio seeks to benefit from divergent credit cycles, relative value disparities, and performance variations between regions. The diversification benefits of this type of portfolio may deliver results with less risk than a more traditional, U.S.-focused high yield strategy.

Asset Management

Published 29-7-2019
Sustainability pressures are expected to change the dynamics of plastic consumption with regulation, innovation, consumer preferences, and corporate responsibility all playing pivotal roles.

Published 24-10-2019
As the debate between active and passive continues, we consider some less commonly-discussed aspects: Quantitative easing has generated a misleading environment for drawing conclusions on active and passive, choosing passive is an active decision because of its specific risks and investment philosophy, and passive may be suited for non-core investments while active for core investments.
Published 13-1-2020
Investment ideas to help you position your portfolio optimally for the challenges and opportunities in the coming year.
* The coming year is likely to be characterized by slow growth, negative interest rates, high valuations and geopolitical uncertainty.
* Risk spreading, long duration and overweight exposure to emerging markets are possible strategies to cope with these circumstances.
* Other options are: search for various sources of income and use market corrections as an opportunity to buy.

Market & Macro

Published 31-8-2018
Deze gouden eeuw van technologische innovatie is eigenlijk pas begonnen
en de buitengewone kracht van het internet heeft het mogelijk gemaakt dat
zowel reusachtige ondernemingen als behendige opkomende marktleiders
ongekende waarde creëren.

* E-commerce, online advertising en cloud computing zijn de kinderschoenen
amper ontgroeid en talrijke nieuwere trends, zoals kunstmatige intelligentie
en autonome voertuigen (zelfrijdende auto’s), bieden een immens potentieel
voor groei.

* Toonaangevende ondernemingen hebben enorme mogelijkheden om vele
sectoren te ontregelen en daarom moeten beleggers zorgen dat zij op de
hoogte blijven van hun strategieën.

*De winsten van technologiebedrijven zouden gezond moeten blijven, maar op
sommige gebieden zijn de waarderingen een bron van zorg.
Published 21-3-2019
It is likely that the current era of populism is here to stay, bringing policies that directly challenge central bank independence, corporate governance, and property rights. Typically, these policies have resulted in negative economic outcomes such as unsustainable fiscal deficits and high inflation, eventually leading to slower capital formation.

Products and Solutions

Advisory/sub-advisory
Securities lending
Custody
Research
ALM/Strategic Advice
Asset Allocation (SAA/TAA/GTAA)
LDI
(Integrated) Risk Management
Fiduciary Management, externally managed only
Fiduciary Management, (partially) in-house
Multi-Asset Mandates
Segregated Accounts
Mutual Funds
Structured Products
ETFS
Derivates
Other
Advisory/sub-advisory
Securities lending
Custody
Research
ALM/Strategic Advice
Asset Allocation (SAA/TAA/GTAA)
LDI
(Integrated) Risk Management
Fiduciary Management, externally managed only
Fiduciary Management, (partially) in-house
Multi-Asset Mandates
Segregated Accounts
Mutual Funds
Structured Products
ETFS
Derivates
Other

Comments

Derivaten: deze worden in sommige van onze beleggingsstrategieën gebruikt.

Assets under management

Per Asset Class




Per Client Type




Details

* VoB converted to Euro at the cash exchange rate on 30 September 2019, published by Reuters.
** Including Multi Asset strategies
*** this concerns in particular other equity strategies, such as Worldwide ex-US shares, specific countries or regional share strategies.

Investment Beliefs

Taking a steady, long-term approach

Our founder, Thomas Rowe Price, Jr., noted that “change is the investor's only certainty.” At T. Rowe Price, we believe our consistent, client-centred investment philosophy has helped us navigate all kinds of markets.

Active Management 

T. Rowe Price believes that skilled active management, backed by in-depth fundamental research, can add value for our clients over the long term. Our portfolio managers are supported by a strong global platform where our experienced analysts share their proprietary research. This forms the basis of our investment process.

Diversification

T. Rowe Price offers investors a full range of equity, fixed income and multi-asset strategies across multiple asset classes, capitalizations, sectors, styles, and regions. We manage assets on behalf of many of the world’s leading corporations, public retirement plans, foundations, endowments, financial intermediaries, and sovereign entities. We believe this diversity of both product and distribution reduces our exposure to business volatility, allowing us to invest in talent, technology, and resources through changing market conditions.

Strong proprietary research

We have 562 in-house investment professionals providing global coverage of sectors and companies. Our investment process is focused on proprietary, fundamental research with an emphasis on the integration of diverse perspectives into well-informed security selection. Security selection is primarily responsible for alpha generation, while effective communication, collaboration, and transparency throughout the entire equity and fixed income investment platforms bolster all aspects of our process. Each of our investment decisions is backed by one of the industry’s largest and most experienced buy-side research platforms. 

For most of our Fixed Income strategies security selection and sector allocation are the key drivers of excess return, while country and currency selection become more important considerations in the case of our global strategies.

In addition, we incorporate environmental, social, and governance factors into our fundamental research. Our investment professionals then share insights, ideas, and opinions across disciplines and time zones to find the best solutions for our clients.

 

Market View

We hebben een samenvatting gegeven van de positionering van de portefeuille van het T. Rowe Price Asset Allocation Committee.We hebben een samenvatting gegeven van de positionering van de portefeuille van het T. Rowe Price Asset Allocation Committee.

• We blijven grotendeels neutraal vanuit een risicostandpunt met een bescheiden onderweging in aandelen en zien beleggingskansen in direct rendement in plaats van waardevermeerdering.

• Binnen ontwikkelde aandelenmarkten buiten de VS hebben we onze blootstelling aan groeiaandelen verminderd ten gunste van waarde-aandelen, aangezien de relatieve waarderingen opgelopen zijn, rekening houdend met ondersteunende beleid van de centrale banken.

• Binnen vastrentende waarden hebben we ‘floating rate’ leningen toegevoegd omdat deze aantrekkelijke rendementen bieden met redelijke waarderingen.

Per 30 september 2019. De beslissingen van het comité worden genomen in de context van specifieke portefeuilles en zijn niet bedoeld als commentaar op brede markten. Werkelijke allocaties en wijzigingen zijn gebaseerd op individuele portefeuilles en doelstellingen.

Values and Objectives

While changes in the investment and economic environment are inevitable, the basic principles that guide our business remain constant. Our culture and investment philosophy are grounded by:

Integrity

Our most important commitment is a straightforward one: to put our clients first.

Intellectual Rigor

Our professionals collaborate to share their research and market insights to produce promising investment ideas for our clients.

Stability

We maintain a long-term view and reinvest in our business to provide consistent, repeatable performance.

Since 1937, we have pursued growth at a measured pace, thoughtfully adding capabilities and locations to meet genuine client needs. We believe this helps us preserve our corporate culture.

Our active commitment to clients begins with a singular focus on investment management and related services. This promotes a culture of collaboration that maximizes the talents of our diverse professionals and places the long-term investment interests of our clients first.

  • To help create durable value for our clients, we continuously attract and retain high-quality talent. 
  • When strategies approach asset levels that could hinder performance, we limit or close such strategies to new business.
  • Our firm’s investment practices and governance are designed to maintain style consistency—regardless of the market environment.

Performance Measurement

Internal
External
GIPS
Other
Internal
External
GIPS
Other

Fee Structure

Fees are based on the strategy and vehicle invested in and structures may be tailored to our client’s needs, e.g. performance based. 

Disclaimer

This material is being furnished for general informational purposes only. The material does not constitute or undertake to give advice of any nature, including fiduciary investment advice, and prospective investors are recommended to seek independent legal, financial and tax advice before making any investment decision. 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 is not intended for use by persons in jurisdictions which prohibit or restrict the distribution of the material. It is not intended for distribution to retail investors in any jurisdiction.

EEA - Issued in the European Economic Area 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.