T. Rowe Price, the global independent asset manager with AUM of £810.8bn as of December 2016, has signed a partnership with Allfunds Bank to distribute 32 investment strategies in 51 share classes, available to the entire distribution network in Italy.
Among the T. Rowe Price strategies most appreciated by the Italian market is the Global Unconstrained Bond fund, which is distinguished by a fixed income approach independent from the benchmark, aimed at playing a defensive role in the portfolios and offering truly uncorrelated returns.
Alongside this is the T. Rowe Price European High Yield Bond fund that recently passed the milestone of strong five year track record, and a five star rating by Morningstar.
“Just over two years ago, T. Rowe Price arrived in Italy with no set target other than to build a solid foundation for our business that will eventually allow us to play a leading role in a complex and important market. The agreement with a highly recognized leader such as Allfunds Bank is a strategic element of this mosaic, as it will allow a wide audience of investors in the private banking segment to access our investment strategies”, said Donato Savatteri, head of Italy for T. Rowe Price.
He added: “From the time the company was founded in 1937, T. Rowe Price has adhered to the fundamental principle that if we take care of our clients they’ll take care of us: this concept guides our activities in Italy and it encourages us to build long-term relationships with our partners”.
This long-term approach is reflected in T. Rowe Price’s approach to investing in US equities, an asset class the asset manager has offered since it started its business.
Over the market cycles our US equity team has been kept consistent and focused approach, built on a strong and widespread presence in the asset class. Thanks to the agreement with Allfunds Bank, the products covering different investment styles and capitalization of the US stock market are now available on the platform: from the strategy on blue chips to that on large-cap, even with a growth and value style, up to the US Smaller Companies Equity fund, dedicated precisely to companies with smaller capitalisations.