T. Rowe Price unveils Global Fixed Income Ab Ret fund

T. Rowe Price is launching a Luxembourg-domiciled Global Fixed Income Absolute Return fund.

The long/short fund aims to provide positive returns in all market cycles through diversified sources of alpha, prudent cash management and risk control. T. Rowe Price says it will add value via relative value positions, sector allocation and security selection, using cash bonds and derivatives. It will focus on opportunities in developed and non-traditional markets, including emerging economies. "The strategy seeks to generate stable positive performance via a number of different active positions," portfolio manager Ian Kelson says. "Our convictions are expressed in both the inte...