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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