T. Rowe Price Calls Time On Responsible UK Equity Fund After Less Than Three Years

Valeria Martinez
clock

• 1 min read

T. Rowe Price has closed its first dedicated UK investment strategy, the Responsible UK Equity fund, less than three years after its launch.

A spokesperson for the firm told Investment Week: "After a thorough evaluation of the commercial potential of the Responsible UK Equity strategy, we decided to discontinue the strategy following board and regulatory approvals." Launched in January 2021, the strategy struggled to significantly grow its assets under management over the years.  T. Rowe Price launches first dedicated UK investment strategy As of the end of September, the fund held £6.5m in assets, according to data from Morningstar Direct and the strategy's assets peaked in December 2021 at £7.7m. The fund was liqui...

To continue reading this article...

Join Investment Week for free

Signup and gain exclusive members-only insights - all free of charge!

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week

member?

Login

RECENT NEWS

What Advisers Misunderstand About Protection

Protection is rarely rejected outright. More often, it is misunderstood. Most advisers recognise th... Read more

Gyrostat Market Outlook: Looking Beyond The 30-day Volatility Headlines

This outlook examines how financial markets are pricing risk rather than attempting to forecast market... Read more

Gyrostat Capital Management: The Hidden Assumption In Most Portfolios - Stability

Markets do not usually fail portfolios. Assumptions do. Most portfolios are built with car... Read more

Gyrostat February Outlook: Stewardship As Risk Reprices

This monthly outlook examines how financial markets are pricing risk, rather than attempting to forecast ... Read more

Gyrostat Capital Management: Why Risk Management Is Not About Predicting Risk

Why Risk Management is Not About Predicting Risk Financial markets reward confidence, but they punish certai... Read more

Gyrostat January Outlook: Calm At Multiyear Extremes

This monthly Gyrostat Risk-Managed Market Outlook does not attempt to forecast market direction. Its p... Read more