T. Rowe Price calls time on Responsible UK Equity fund after less than three years

First dedicated UK strategy

T. Rowe Price has closed its first dedicated UK investment strategy, the Responsible UK Equity fund, less than three years after its launch.

A spokesperson for the firm told Investment Week: "After a thorough evaluation of the commercial potential of the Responsible UK Equity strategy, we decided to discontinue the strategy following board and regulatory approvals." Launched in January 2021, the strategy struggled to significantly grow its assets under management over the years.  T. Rowe Price launches first dedicated UK investment strategy As of the end of September, the fund held £6.5m in assets, according to data from Morningstar Direct and the strategy's assets peaked in December 2021 at £7.7m. The fund was liqui...