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Capital at risk. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

The listed funds are not an exhaustive list of funds available. Visit www.funds.troweprice.com to see the full range of funds offered by T. Rowe Price, including those that consider environmental and social characteristics as part of their investment process.  For up to date information regarding any T. Rowe Price fund's investment strategy, please see the relevant fund KID and prospectus. 

SICAV
Emerging Markets Equity Fund
An actively managed, diversified portfolio of approximately 90-120 emerging markets stocks, unconstrained by country, sector, or market cap. We aim to identify high quality companies with long-term sustainable above-market earnings growth, at prices that do not fully reflect that growth. The fund is categorised as Article 8 under Sustainable Finance Disclosure Regulation (SFDR).
ISIN LU0864768196
Bloomberg TRPQGBP LX
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FACTSHEET
KIID
SFDR DISCLOSURE
No data available
28-Feb-2025 - Eric Moffett, Portfolio Manager,
The retaliatory tariff actions by the US and China have fueled uncertainty about the the longer-term implications of these measures on economic growth and geopolitical relations. Our approach is to invest in companies with clear, visible, and durable growth profiles that, in our view, have low earnings risk from a medium- to longer-term perspective.

Overview
Strategy
Fund Summary
We have a bottom-up, long-term approach, driven by fundamental research. Our company research focuses on franchise strength, management team quality, free cash flow, and financing structure. Corporate governance is strongly embedded within our investment process, as is the consideration of critical macroeconomic and political factors. The promotion of environmental and/or social characteristics is achieved through the fund's commitment to maintain at least 10% of the value of its portfolio invested in Sustainable Investments, as defined by the SFDR. Additionally, we apply a proprietary responsible screen (exclusion list). The manager is not constrained by the fund’s benchmark, which is used for performance comparison purposes only.
Investment Association Sector:
Global Emerging Markets
No data available

Cumulative Performance

28-Feb-2025 - Eric Moffett, Portfolio Manager,
Emerging markets posted a modest gain in US dollar terms in February, climbing for a second consecutive month, but trailing stocks in developed economies outside of the U.S. Within the portfolio, stock selection in financials detracted the most at the sector level, while stock picking in information technology was also negative. In the former, our investment in a large Indonesian bank declined on continuing foreign exchange weakness and political uncertainty as the country’s new President Prabowo tried to form a cabinet. In contrast, our selection of stocks in communication services and real estate supported relative returns. Our investment in a global video game company and owner of a messaging platform popular in China, surged after the business said it was broadening its artificial intelligence (AI) proposition with the integration of a low-cost AI startup with the search function for the messaging app, its flagship product. From a country perspective, stock selection in Brazil and Indonesia, and our overweight position in the latter, hampered performance. However, security choices in India and China supported returns, although an underweight allocation to the latter curbed gains.
31-Jan-2024 - Eric Moffett, Portfolio Manager,
We have a relatively overweight position in Brazil where we have found a range of investment opportunities that are trading at attractive valuations. In our view, the growth outlook for the country this year remains positive, and we continue to find areas of the market that we believe will be beneficiaries of its robust macroeconomic backdrop. On the other hand, we are more cautious about Taiwan, which we believe could stay weak in the near term as it is heavily exposed to global trade.

Team

No data available

Fees

No data available

Past performance is not a reliable indicator of future performance.

The Funds are sub-funds of the T. Rowe Price Funds SICAV, a Luxembourg investment company with variable capital which is registered with Commission de Surveillance du Secteur Financier and which qualifies as an undertaking for collective investment in transferable securities (“UCITS”). Full details of the objectives, investment policies and risks are located in the prospectus which is available with the key investor information documents and/or key information document (KID) in English and in an official language of the jurisdictions in which the Funds are registered for public sale, together with the articles of incorporation and the annual and semi-annual reports (together “Fund Documents”). Any decision to invest should be made on the basis of the Fund Documents which are available free of charge from the local representative, local information/paying agent or from authorised distributors. They can also be found along with a summary of investor rights in English at www.troweprice.com. The Management Company reserves the right to terminate marketing arrangements.

Hedged share classes (denoted by 'h') utilise investment techniques to mitigate currency risk between the underlying investment currency(ies) of the fund and the currency of the hedged share class.  The costs of doing so will be borne by the share class and there is no guarantee that such hedging will be effective.

Before deciding to invest in the fund, you should read the offering document/prospectus (including its investment objectives, policies and any risk warnings) which are available and may be obtained from any appointed distributors.

The specific securities identified and described in this website do not represent all of the securities purchased, sold, or recommended for the sub-fund and no assumptions should be made that the securities identified and discussed were or will be profitable.

A full list of the currently issued Share Classes including Distributing, Hedged, and Accumulating Categories may be obtained, free of charge and upon request, from the registered office of the Company.  

Benchmark: Investors may use the benchmark to compare the fund’s performance. The benchmark has been selected because it is similar to the investment universe used by the investment manager and therefore acts as an appropriate comparator. The investment manager is not constrained by any country, sector and/or individual security weightings relative to the benchmark and has complete freedom to invest in securities that do not form part of the benchmark.

Disclosure on Vendor Indices can be found here.

This product is based overseas and is not subject to UK sustainable investment labelling and disclosure requirements.