T. Rowe Price (TRP) has announced the launch of the T. Rowe Price US Capital Appreciation strategy as a public ITM (investment trust fund) in Japan, through an exclusive distribution partnership with Mizuho Securities for the market.
This marks the first time the capacity-constrained strategy is available to retail and intermediary investors in Japan, according to a statement by the US-based asset manager.
Naoyuki Honda, country head of T. Rowe Price Japan, said, “The strategy is designed to adapt to changing market conditions and manage downside risk, helping investors achieve long-term financial goals.”
“We believe this approach is especially relevant for Japanese investors seeking resilient, risk-managed growth for their portfolios in a low-interest-rate environment.”
The T. Rowe Price US Capital Appreciation strategy, which had been closed to new investors for over a decade until earlier this year, has a 39-year track record in the US.
By combining dynamic allocations to equities, fixed income, and cash, the strategy aims to deliver equity-like returns with lower risk than the US equity market.
Its portfolio management team is led by David Giroux, a seven-time nominee and three-time winner of the “Outstanding Portfolio Manager” award in the allocation category of the Morningstar Awards for Investing Excellence.
TRP, which has global AUM of $1.77trn, has established a presence in Japan since 1982 and became a locally incorporated company in April 2018.
Since incorporation, the firm has launched ten ITMs in Japan. The introduction of the US Capital Appreciation Strategy is the firm’s latest initiative to broaden the range of investment solutions available to Japanese investors, according to the statement.
AloJapan.com