Equity Capabilities

Always on, because the world never stays still

Markets are constantly changing, so we have built an equity investment ecosystem that’s designed to evolve with them. Our broad range of equity products are driven by teams of experts applying their individual intellect while leveraging the collective wisdom of our global investment teams.

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At a Glance

85+

years managing equity assets

475+

equity investment professionals

$829.7B

USD of equity AUM*

Our equity investment ecosystem is alive to give us a holistic view of the investible universe.

Our focus on knowledge, talent, and culture aims to give our clients the best opportunity to meet their goals.

Seeing more to know more

We believe our advantage is fueled by our ability to derive, decipher, and process a deeper world of information. This gives us the potential to collect more pieces of the investment puzzle and the knowledge that comes with them—for a more complete picture of a company’s future and the potential for better outcomes for our clients.

A universe of talent, powering us forward

We believe investment ideas can come from anywhere. What drives us is a universe of talent, not individual stars. Each associate’s expertise plays a critical role in understanding what matters most to discern signal from noise and to develop insights that have the potential to benefit our clients’ portfolios.

Together, we are better

We believe working together makes us better and creates a culture of compounding knowledge and shared success. Our real-time marketplace of ideas helps us bring one another to the right answer, creating an environment that is greater than the sum of its parts and the potential to generate a world of greater opportunity for our clients.

Our thoughts on the issues that matter to you.

To identify actionable insights, our research across market caps, industries, and local markets never stops—building a real understanding of how companies and economies operate.

Dec 2024 Regional Thoughts

China’s policy pivot marks a turning point in the economic cycle

A policy pivot from risk control to growth support suggests a more favorable environment for growth and business.

Oct 2024 Sector Views

The Great Broadening: from AI and the Mag 7 to Emerging Markets and Beyond

Iona Dent and Sam Ruiz spoke to ensombl about ‘The Great Broadening’, and where they see value and opportunity for investors particularly in select emerging markets.

PODCAST

Revolution to Reality – Exploring the Power of Artificial Intelligence

In the second season of The Angle from T. Rowe Price, we explore the rapid rise of generative artificial intelligence (AI). Does AI represent the monumental change that headlines often indicate, or should we temper expectations? Where are we seeing the initial impacts on industries, and are there hidden risks to monitor? Host Jennifer Martin, portfolio specialist, and guests consider the evolving implications for financial markets and the global economy—including the potential opportunities and pitfalls.

Listen Now

Our equity strategies delivered more return, more often than other top active managers.

Ten-year periods, rolling monthly, over the last 20 years ended 31/12/24.

These strategies delivered higher average returns than their benchmark over time and compared favourably against other active managers.

Results stemmed from a connected, repeatable process focused on one goal—to pursue consistently strong long-term performance for our clients.

That's the T. Rowe Price difference.

View important information

Past performance is no guarantee or a reliable indicator of future results.

Analysis by T. Rowe Price. Represents a comparison of all marketable institutional equity composites compared with the official composite primary benchmark assigned to each. Excludes money market, asset allocation and index/passive composites. In order to avoid double-counting in the analysis, specialised composites viewed as substantially similar to strategies already included (e.g., constrained strategies, ex-single country excluded strategies etc.) are also excluded. Composite net returns are calculated using the highest applicable separate account fee schedule for institutional clients. An aggregated view of 10-year rolling monthly periods net returns from 1/1/05 to 31/12/24 is shown. All figures in USD and may increase or decrease due to currency fluctuations. For more information on the methodology of this analysis, please visit troweprice.com/results.

Our associates use their generational knowledge and deep understanding of the market to recognise patterns and perpetually connect the dots of the financial world.

Scott Berg, CFA® Portfolio Manager

Scott Berg is the portfolio manager for the Global Growth Equity Strategy in the Global Equity Division. In addition, he is an Investment Advisory Committee member of the Global Impact Equity, Institutional International Disciplined Equity, and International Disciplined Equity Funds. He is an executive vice president of T. Rowe Price Global Funds, Inc., and T. Rowe Price International Funds, Inc. In addition, he is a vice president of T. Rowe Price Group, Inc.

Peter J. Bates, CFA® Portfolio Manager

Peter Bates is the portfolio manager of the Global Select Equity Strategy (marketed in Australia as Concentrated Global Equity) in the Global Equity Division. He is a member of the Investment Advisory Committees of the Global Focused Growth Equity and Japan Equity Strategies. Peter is a vice president of T. Rowe Price Group, Inc., and an executive vice president of T. Rowe Price International Ltd.

David J. Eiswert, CFA® Portfolio Manager

David Eiswert is a portfolio manager in the Global Equity Division. He is the portfolio manager for the Global Focused Growth Equity Strategy, a role he has held since October 1, 2012. David is a member of the Global Equity Steering Committee. He also is a vice president of T. Rowe Price Group, Inc.

Hari Balkrishna Portfolio Manager

Hari Balkrishna is a portfolio manager for the Global Impact Equity Strategy in the Global Equity Division. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

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A broad range of solutions designed to help meet your needs.

Our portfolio managers independently apply their bespoke investment frameworks to help generate outcomes for specific client needs. See how these investment products go beyond active investing to help clients thrive in a changing world.

Leveraging our global network of knowledge to stay more alive to new and developing opportunities, wherever they may be.

Concentrated Global Equity Fund

High conviction, global equity portfolio that seeks long-term capital appreciation through investment in a concentrated portfolio of mid- to large-cap companies which are traded or listed on recognised exchange and/or markets throughout the world, including developing countries.

AUT

Global Growth Equity
(also marketed as Global Equity)

High conviction, global equity portfolio that seeks to invest in companies with above-average and sustainable growth characteristics.

Strategy

AUT

Global Impact Equity

Dual mandate portfolio that seeks both long-term capital appreciation as well as a positive effect on the environment and society by investing in companies whose current or future business activities are expected to generate a positive impact.

Strategy

AUT

Building on our deep understanding of the U.S. market to gain access and source new information.

US Structured Research Equity

Seeks to provide long-term capital growth through a disciplined portfolio construction process whereby it weights each sector approximately the same as the S&P 500 Index.

Strategy

US Smaller Companies Equity

Seeks to increase the value of its shares, over the long term, through growth in the value of its investments mainly in a widely diversified portfolio of shares from smaller-capitalization companies in the United States.

Strategy

US Large-Cap Core Growth Equity

Seeks long-term capital growth primarily through investments in common stocks of well-established medium- and large-cap U.S. companies that may have either value or growth characteristics.

Strategy

Combining our regional expertise with global market insights to gain a more complete picture of the local marketplace.

Asia Opportunities Equity

Seeks to increase the value of its shares through growth mainly in the value of its investments in a diversified portfolio of shares of companies in Asia, excluding Japan.

Strategy

China Evolution Equity

Seeks to increase the value of its shares through growth in the value of its investments over the long term in a portfolio of shares of Chinese companies that may have significant exposure to smaller-capitalization companies.

Strategy

Japan Equity

Seeks to increase the value of its shares through growth in the value of its investments mainly in a widely diversified portfolio of shares of companies in Japan.

Strategy

Pairing local insight with global expertise to build a real understanding of how these companies and economies operate.

Emerging Markets Equity

Seeks to increase the value of its shares, over the long term, through growth in the value of its investments mainly in a diversified portfolio of shares of emerging market companies.

Strategy

Frontier Markets Equity

Seeks to increase the value of its shares, over the long term, through growth in the value of its investments mainly in a diversified portfolio of shares of frontier market companies.

Strategy

Emerging Markets Discovery Equity

Seeks to increase the value of its shares through growth in the value of its investments mainly in a widely diversified portfolio of shares of emerging market companies.

Strategy

Important Information

All data as of December 31 2024 unless otherwise stated.

*The total equity assets managed by T. Rowe Price Associates, Inc., and its investment advisory affiliates. Total equity assets include all equity separate accounts and funds along with a portion of certain T. Rowe Price U.S.-registered multi-asset funds as of December 31 2024.

Equity Trustees Limited (“Equity Trustees”) (ABN 46 004 031 298 AFSL 240975) is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Stock Exchange (ASX:EQT). Equity Trustees and T. Rowe Price Australia Limited ("TRPAU") (ABN: 13 620 668 895 and AFSL: 503741) are, respectively, the responsible entity and investment manager of the T. Rowe Price Australian Unit Trusts.

A Target Market Determination for each T. Rowe Price Australian Unit Trust (or class of units in a Trust) is available here (http://www.eqt.com.au/insto). It describes who the financial product is likely to be appropriate for (i.e. the target market), and any conditions around how the product can be distributed to investors. It also describes the events or circumstances where Equity Trustees Limited, the responsible entity of the T. Rowe Price Australian Unit Trusts may need to review the Target Market Determination for the financial product.

Past performance is not a reliable indicator of future performance. The price of any fund may go up or down. Investment involves risk including a possible loss to the principal amount invested. For general information purposes only, does not take into account the investment objectives, financial situation or needs of any particular investor. For further details, please refer to each fund's product disclosure statement and reference guide which are available from Equity Trustees (www.eqt.com.au/insto) or TRPAU (www.troweprice.com.au).

Number and Time Periods of Composites and Competitive Data

¹52 composites covering 5,553 rolling 10-year periods.

²285 composites covering 27,681 rolling 10-year periods. The assets under management (AUM) as of 31/12/24 across all composites considered in the analysis are aggregated, and those composites offered by the largest 5 firms determined by total AUM, identified via eVestment, other than T. Rowe Price, are grouped together here. Source: Nasdaq’s eVestment Analytics database.

³4,554 composites covering 397,757 rolling 10-year periods. Source: Nasdaq’s eVestment Analytics database.

Competitor data are sourced from Nasdaq’s eVestment Analytics database and calculated on available net performance over manager-selected benchmark figures for comparable products selected based on eVestment Primary Universe and eA Universe Classifications. All equity composites considered except SMA/Wrap – Other, Liquid Real Assets, All Lifestyle/Target Risk Aggressive. Performance information reported by eVestment Alliance is self-reported by contributing firms and is unaudited. Results from other time periods may differ.

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