The T. Rowe Price Global Equity Fund (I Class) has received the highest Morningstar Analyst Rating of ‘Gold’. Managed by U.S.-based portfolio manager, Scott Berg, and London-based associate portfolio manager, Hari Balkrishna, the Fund has A$3.4 billion under management and a 1-year annualised return of 19.71%.

Morningstar highlighted in its Global Fund Report that “T. Rowe Price Global Equity’s impressive manager and best-in-class research platform push this fund to the top of the global equity peer group.”

In the same report, Morningstar specifically referenced Berg’s experience and “impressive command of the portfolio” which backed by T. Rowe Price’s research and vast resources “gives this strategy a clear edge”.

Darren Hall, Australian Sales Manager at T. Rowe Price, said, “We’re delighted to have received Morningstar’s Gold Analyst Rating for the T. Rowe Price Global Equity Fund. Scott and the team have been doing a tremendous job in striving to consistently deliver alpha for investors, while managing risks, over a long timeframe, and the Gold rating upgrade reflects Morningstar’s strong conviction in his approach.”

“Despite the uncertainty and volatility in markets at the moment, we believe there is definitely an opportunity to “buy-in” right now in some markets that have been hit hardest. Scott’s expertise in finding the companies that can potentially emerge from this period in a stronger position are a trademark of the way he has managed the T. Rowe Price Global Equity Fund over the last eight years.”

A key differentiator for the T. Rowe Price Global Equity Fund is that its 150 stocks are invested across around 30 countries, whereas a typical global equity fund usually invests in around 17. This means the Fund is well-diversified and truly global in design, with Berg and Balkrishna being able to utilize the firm’s research platform with over 400 investment professionals globally, to find the best investments across all sectors, geographies and markets.

This includes holding a significant allocation to emerging markets which Morningstar also highlights in the Global Fund Report  as a key strength of the portfolio under Berg’s stewardship: “Berg sets it apart by investing meaningfully in emerging markets, with an exposure more than double the MSCI All County World ex Australia Index, particularly in India and southeast Asian countries like the Philippines. This emerging-markets stake could increase volatility in the wrong hands, but we don’t think that’s the case here with Berg at the helm. Since he’s taken over, Berg has amassed a strong record, beating the strategy’s index and peer group, with less risk.”

“While we’re thrilled to have been upgraded by Morningstar, we also understand investors are feeling nervous around markets and the current investment environment. We believe having the right solutions, recognition by a highly-respected research house like Morningstar, can give investors some comfort during what is undoubtedly going to be a volatile time ahead in the short term,” added Hall.

The T. Rowe Price Global Equity Fund is also available 100% hedged in Australian dollars for investors who would like their currency managed. Both funds are available on a number of major distribution platforms.

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