Best Fund Provider – US Equity
T. Rowe Price
We invest for the long term with clients’ best interests and goals in mind. Our deep proprietary research is the core of our proven process. We will continue to invest on the right side of change as we progress into the post-pandemic world.
We believe that our proprietary research — based on deep knowledge of each industry — and the collaborative culture of our investment teams are the key strengths that set us apart as an asset manager of choice for clients in the region.
After the market sell-off in March and April 2020, US equities were instrumental in leading the market recovery. T. Rowe Price defended its title and outperformed its peers with a persistence in performance that few manage to achieve.With a global equity research team of more than 173 analysts and industry specialists, T. Rowe Price followed a clearly defined investment process, emphasising fundamental research and active, bottom-up stock selection. On the back of a consistent investment style, T. Rowe Price recorded a strong performance in US equities, with its flagship strategy — T. Rowe Price Funds SICAV – US Large Cap Growth Equity Fund — achieving top quartile performance among peers in terms of YTD, one-year, three-year, five-year and ten-year returns, as of end-August 2020.
A strong performance track record usually goes hand-in-hand with a robust investment process and approach. As a strong believer of fundamental investments, the portfolio management team first performs high-level screening of a universe of approximately 500 companies with market capitalisations greater than US$8 billion. It constructs portfolios on the basis of identifying large-cap growth companies that are expected to generate real, double-digit earnings growth for a minimum of three years.
Worth noting, although the broad US market has been driven by big tech firms’ market price expansion, T. Rowe Price proactively looked beyond FAANG (Facebook, Apple, Amazon, Netflix, and Google) stocks and believed in high active share, with over 70% of the outperformance of the strategy driven by non-FAANG names (during the period under review) — something which helped investor to diversify their portfolios.
For its persistent performance in the US equity market and its dedicated research team, T. Rowe Price is selected as Asian Private Banker’s Best Fund Provider – US Equity.