This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

T. Rowe Price Launches Global Industrials Fund

BALTIMORE, Nov. 12, 2013 /PRNewswire/ -- T. Rowe Price (NASDAQ-GS: TROW) has launched the Global Industrials Fund (RPGIX). The new fund seeks long-term capital growth by investing in foreign and U.S. companies within the industrials sector.

Fund Details
  • The Global Industrials Fund will normally invest:
    • At least 80% of its net assets in securities issued by companies in the industrials sector.
    • At least 40% of its assets in companies outside the U.S. across a minimum of five different countries.
    • In companies of any market capitalization, depending on where the portfolio manager sees the best opportunities.
  • Peter Bates will manage the fund. He has served as an equity research analyst since joining the firm in August 2004, covering environmental services, industrial manufacturing and capital goods, and large industrial conglomerates.
  • Industries within the industrials sector in which the fund will invest include:
    • aerospace and defense,
    • building products and equipment,
    • automobiles,
    • machinery,
    • construction and engineering,
    • electrical components and equipment,
    • industrial technology,
    • transportation, and
    • manufacturing and industrial conglomerates.
  • Stock selection leverages the breadth and depth of T. Rowe Price's global research platform and is based on intensive fundamental analysis that assesses industry trends and companies' long-term prospects.
  • The net expense ratio is estimated to be 1.05%.
  • The minimum initial investment in the Global Industrials Fund is $2,500 or $1,000 for retirement plans or uniform gifts/uniform transfers to minors (UGMA/UTMA) accounts.

The fund is less diversified than a non-focused fund, and its substantial reward potential is coupled with significant risk. In addition, any foreign holdings could be affected by declining local currencies or adverse political or economic events.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs