T. Rowe Price has debuted its first dedicated UK investment strategy with the launch of a multi-cap responsible UK equity vehicle managed by Mitchell Todd.
The T. Rowe Price Funds OEIC - Responsible UK Equity fund applies a socially responsible screen, which aligns with the most common ESG concerns expressed by its clients, excluding companies involved in "an extreme ESG breach" that are not taking steps to remediate the issue. Asset managers failing to lead the way on responsible investment Its portfolio will typically hold approximately 85% of its 40 to 60 positions in companies described as "durable compounders", with the remainder allocated to companies "on a path to improving cash flow and returns", T. Rowe Price said. The fund w...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
