T. Rowe Price Emerging Markets StockPRMSX

Morningstar Rating

Fund Research and Analysis

by William Samuel Rocco

It's again clear why T. Rowe Price Emerging Markets Stock is one of its group's best, but it would be a mistake to forget about its risks.

This fund's strengths have been on full display as emerging markets have soared over the past several months. Read more

Kudos

Good long-term returns.

Experienced management.

Sound strategy.

Overall emerging-markets team at T. Rowe Price is sizable, seasoned, and skilled. Read more

Risks

Although driven by bottom-up stock selection, the portfolio does make significant country and sector bets, which can backfire at times.

Like all emerging-markets offerings, this fund is volatile and subject to sharp declines.

Suffered huge losses--and lagged most of its peers--in the late-2007 to early-2009 meltdown. Read more

Strategy

Gonzalo Pangaro and his comanagers hunt for companies that have strong earnings growth and are leaders in their industries. They're not averse to accumulating substantial stakes in growth industries, but they tend to build them slowly and avoid the raciest issues. Read more

Management

Gonzalo Pangaro, who joined this fund as a comanager in September 2008 and took sole control of the portfolio in March 2009, has an impressive resume. He earned strong results during his tenure as manager of T. Rowe Price Latin America PRLAX; he has made the Latin America picks for this fund for years; and he has been part of the global emerging-markets team at T. Read more

Inside Scoop

While many emerging-markets funds chase hot markets or hunt for extreme values, this fund buys and holds firms with strong earnings growth and modest valuations. This sensible approach, along with proven resources and a low expense ratio, helps make this one a Fund Analyst Pick. Read more

First Name

Last Name

Email Address

Zip Code

Create Password

Verify Password

(6-15 characters; case sensitive)

What is your occupation or job title?

Select...

Your registration indicates agreement to the terms of use.

Picking Positions in Health Care
Watch more