T. Rowe Price New Asia Fund
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The T. Rowe Price Asia Fund is a fund by T. Rowe price that invests in Asian countries, such as China, India, Singapore, Indonesia, South Korea, and other countries. It is currently managed by Frances Dydasco and team.
[edit] History
It was founded in 1990, and was one of the first international funds to debut. In the first couple of years it was a weak performing portfolio, its (NAV) shifted between 2 and 5 dollars, and had a relatively high expense ratio. However, in the new millennium it is one of the best performing stock portfolios, and in 2007 it returned and astonishing 66% return. Its current objective is to invest in small and large companies throughout or located in Asia, and currently has over $4.4 Billion under management.
[edit] Performance & distributions
| Year | performance |
|---|---|
| 1999 | 99.1% |
| 2000 | -30.5% |
| 2001 | -10.1% |
| 2002 | -9.2% |
| 2003 | 53.4% |
| 2004 | 18.6% |
| 2005 | 26.4% |
| 2006 | 36.1% |
| 2007 | 66.2% |
| Country | Percent allocated |
|---|---|
| China | 32.5% |
| India | 37.7% |
| South Korea | 10.5% |
| Taiwan | 7.1% |
| Singapore | 2.8% |
| Malaysia | 2.5% |
| Hong Kong | 1.2% |
| Philippines | 1.1% |
| Sri Lanka | 0.4% |
