T. Rowe Price launches China ex-mega cap equity fund

Avoid 100 largest stocks

T. Rowe Price has expanded its UK-domiciled OEIC range with the launch of a China equity fund that seeks to offer investors access to the country while avoiding the 100 largest mega-cap stocks.

China Evolution Equity is designed to offer a differentiated exposure to the global economy and will seek to avoid the largest 100 well-known mega-cap Chinese stocks and focuses on under-owned and under-researched opportunities outside of the mega-caps.  T. Rowe Price acquires Oak Hill Advisors According to the firm, investors largely focus on the top 100 mega-cap Chinese stocks. These dominant firms account for almost 70% of the MSCI China Index and 59% of the average allocation among the 10 largest Chinese equity funds. The firm added that the the MSCI China Index is also biased ...