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Rating:T. Rowe Broadens Stable Of Advisor Class Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, May 04, 2006

T. Rowe Broadens Stable Of Advisor Class Funds

by: Armie Margaret Lee

T. Rowe Price has expanded the list of funds that offer Advisor class shares. The latest fund to join the roster is the Global Stock Fund, bringing the number of Advisor class funds in the Baltimore-based asset manager's lineup to 27.

Advisor shares come with a 12b-1 fee of 25 bps and are only available through financial intermediaries.

The Global Stock Fund, managed by Robert Gensler, invests in 80 to 100 stocks across the capitalization spectrum in developed and emerging markets. "We're seeing growing interest in global equity strategies," said John Cammack, head of third party distribution at T. Rowe Price, in a statement.

Since their rollout in March 2000, T. Rowe's Advisor shares have been well-received by fee-based intermediaries such as advisors, broker dealers and banks, Cammack said.  

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