T. Rowe Price has launched an OEIC version of its core US equity fund proposition – the T. Rowe Price Funds US Structured Research Equity fund.
The mandate, which focuses on bottom-up stock selection with the aim of outperforming the S&P 500 index, is based on the firm’s long-standing $80.4bn US-domiciled strategy. While this overarching strategy has a 20-year track record, the OEIC launch comes less than a year after T. Rowe Price launched a SICAV version of the mandate in December 2023.
See also: Track to the Future – with T Rowe Price’s Nataline Terry
T. Rowe Price Funds US Structured Research Equity will hold between 200 and 275 company names at any one time, which are chosen by a team of 30 analysts . While the sector, industry and style weightings are supposed to be similar to that of the S&P 500 index, the stocks themselves are chosen based on underlying fundamentals.
Therefore, the team’s aim is to provide a rules-based approach which limits active management risk, while also generating higher returns than the index.
Nataline Terry, head of UK and Ireland, T. Rowe Price, said: “With 85 years of experience investing in the US stockmarket, T. Rowe Price brings unmatched insight into American companies and industries.
“Our strength lies in our bottom-up fundamental research, and we are pleased to launch an OEIC version of a portfolio that reflects the best of our expertise. A core US equity strategy, this strategy has consistently outperformed the S&P 500 for more than 20 years, a through a variety of market conditions.”
