T. Rowe Price recently announced that T. Rowe Price Institutional International Growth Equity will be merged in the institutional share class of T. Rowe Price International Stock PRIUX in October pending SEC review. The merger is sensible. Manager Richard Clattenburg runs both funds using the same growth-driven process, and the funds’ portfolios are essentially identical. (The two funds owned the same 111 stocks in equal or very similar amounts of as March 31.)
Will PRITX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRITX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PRITX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PRITX’s parent organization’s priorities and whether they’re in line with investors’ interests.