Fund rollout season continues

New fund rollouts are in vogue at the moment. Here is the latest.

Saturday, October 2nd 2021, 8:07PM

In just over a week we have seen Salt Funds Management, rollout the last funds in its retail suite, Generate announced it has three new funds on the launchpad, Pie Funds is asking clients which of thrree fund options it should launch. A crypto currency fund hits the market on Monday and now Harbour is launching the Harbour T. Rowe Global Equity Fund (Hedged).

The Harbour T. Rowe Global Equity Fund (Hedged) is a New Zealand PIE fund with the same underlying strategy and investment process as the current T. Rowe Price Global Equity Growth Fund offered by Harbour, and fully hedged to the New Zealand Dollar.

Harbour managing director Andrew Bascand said “this development has come after much demand from our clients and stakeholders, and we’re so pleased to be able to offer the same excellent truly global core strategy, fully hedged to NZD to remove that currency risk for our clients”.

Alongside the new fund, the current offering has been renamed the Harbour T. Rowe Price Global Equity Fund. Bascand said, adding the Harbour name to the fund illustrates "how strongly we believe in this fund, and ties it into our suite of funds with more clarity.”

Everything else about the fund will stay the same, he says.

Harbour has partnered with T. Rowe Price for six years, giving New Zealand investors access to portfolio manager Scott Berg’s global equity strategy as a New Zealand PIE fund. The fund has a Gold analyst rating from Morningstar, and has the Morningstar Low Carbon Designation, amongst many other awards and industry ratings.

Established in 1937, T. Rowe Price is a well-respected specialist investment management firm that manages US$1.64 trillion in assets (as of July 31, 2021). T. Rowe Price has investment offices in Baltimore, Hong Kong, London, Singapore, Sydney and Tokyo in keeping with its strong globally focussed research culture.

Tags: Harbour Asset Management T Rowe Price