T. Rowe Price has launched the global allocation fund (RPGAX), broadening the firm’s line-up of asset allocation products, which currently have over US$138 billion in assets as of 31 March 2013.
The new mutual fund seeks global opportunities while leveraging extensive global research platform and veteran asset allocation team.
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The new mutual fund is the firm’s most broadly diversified asset allocation fund. It seeks long-term total return from investments in US and international stocks, bonds, cash, and alternative investments.
The fund may serve as a core holding or complementary portfolio.
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