FTAdviser.com

Advertising

The new strategy will invest in 80-100 stocks in large companies across the world with market capitalisations that fall within the range set out by the MSCI All Country World Large Cap index.

The strategy will be managed by Scott Berg who has been an associate portfolio manager of the global equity strategy since 2005.

Berg said the current global economic conditions had driven valuations down, making large companies with good long-term prospects more attractive to investors.

He said: "The strategy will invest in established growth-seeking companies, with seasoned management and strong balance sheets.

"With the ability to invest without borders, we will actively seek the most attractive larger companies, wherever they may be headquartered."

Bill Stromberg, director of global equities at T Rowe Price, said the new strategy came as part of the expansion of its global research capability.

He added: "We are pleased to offer clients both an expanded investment opportunity set that includes a global large cap equity strategy and durable diversification value."