Strategy
Investment Objective
Our approach focuses on uncovering stocks where change and growth are underappreciated or undiscovered. Leveraging our long history of investing in China, we seek to identify innovative companies beyond the widely owned mega cap stocks that offer the long-term potential for durable or accelerating growth or a fundamental rerating. The manager is not constrained by the fund's benchmark, which is used for performance comparison purposes only.
Investment Approach
- Seeks long-term capital appreciation by investing in companies that derive their revenue from China and we believe are best positioned to capitalize on the dynamic change and growth in the country.
- Takes a holistic approach to investing in China with the flexibility to invest in both onshore and offshore markets, including A-shares, H-shares, and ADRs.
- Style agnostic approach aims to identify mispriced companies with opportunities driven by change.
- Seeks to invest in companies overlooked by some investors in China, going beyond the top 100 largest companies in the China universe by market cap to seek to identify future winners.
- Leverages T. Rowe Price's team of experienced regional analysts to identify local companies in China that we believe will be long-term winners in the evolving Chinese economy.
Portfolio Construction
- Portfolio manager has full discretion in portfolio construction.
- Individual position sizes are determined by each company's individual risk/reward profile and the conviction of the portfolio manager.
- There are no set sector or industry weightings.
- Final construction results in a portfolio with typically 40-80 stocks.
Past performance is not a reliable indicator of future performance.