T. Rowe Price International DiscoveryPRIDX

Morningstar Rating

Fund Research and Analysis

by Karin Anderson

Bold overseas investors should consider T. Rowe Price International Discovery.

Justin Thomson's investment style makes this one of the more aggressive options in the racy foreign small/mid-growth category. For example, the fund sports a smaller than Read more

Kudos

Pounded out spectacular gains during 1999, 2003, and 2009 rallies.

T. Rowe Price has been beefing up analytical staff.

Relatively attractive expense ratio. Read more

Risks

Emphasis on fast-growing small caps makes it risky.

Taste for emerging-markets issues courts risk.

A larger asset base could limit management's ability to traffic in less liquid, small-cap fare. Read more

Strategy

Manager Justin Thomson focuses on firms with market caps between $250 million and $3 billion that enjoy rapid earnings growth, robust sales growth, and strong returns on equity. Thomson likes to focus Read more

Management

Justin Thomson ran small-cap money for LGT Asset Management for several years before taking the helm at this fund in June 1998. Thomson works with four other analysts--two in Japan and two in London with him--who spend most of their time working on Read more

Inside Scoop

This fund has evolved over its nearly 20-year history. Once a small, nimble fund that bought only the smallest companies, it has moved up the market-cap ladder as its assets Read more

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