The Harbour T. Rowe Price Global Equity Growth Fund has been issued a “4 IP” rating by Research IP, with a score of 4.20/5.
The Harbour T. Rowe Price Global Equity Growth Fund (“the Fund”) is a high conviction, global equity portfolio seeking to invest in companies with above average sustainable growth characteristics.
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Research IP says
“While Berg is ultimately accountable for the Fund, he is supported by a dedicated team of four. Research IP notes the T.Rowe Price analyst and portfolio management teams have a push-pull relationship, where analysts can champion ideas to the PM, or the PM can engage with the analyst to extract ideas for consideration. Importantly, PMs can conduct company analysis, therefore all investment personnel have analyst responsibilities. Berg is a very active analyst and PM.“
“Since commencing operations in 2009, Harbour Asset Management has specialised in Australasian securities. Harbour has chosen to use external specialists to manage global equities. Harbour acknowledges its skill set is better suited to identifying an underlying manager and fund for global securities, rather than try and manage a global portfolio inhouse. Chris Di Leva is responsible for external manager research at Harbour. While relatively new to Harbour, commencing in 2018, Di Leva has 10 years’ experience in manager selection at Mercer Investments.“
“Research IP believes macro events have influenced equity markets globally, and this has assisted a sustained growth phase in stock market performance. Should the growth bias change, the portfolio is likely to underperform.“
Research IP, 2 August 2021
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Disclaimer, Disclosures and Warnings
Research IP strongly recommends this document and report be read in conjunction with the relevant Product Disclosure Statement. Research IP gives no warranty of accuracy or completeness of information in this document. Any information, opinions, views or recommendations are general information only and do not take into consideration any person’s particular financial situation or goals and therefore does not constitute financial advice. This document should not be relied upon as a substitute for financial advice from your financial adviser.