Morningstar Rating

Fund Research and Analysis

by Harry Milling
T. Rowe Price Japan has limited use.

At first blush, there aren't compelling reasons to invest in this fund. From a bird's eye view, Japan's stock market, as measured by its TOPIX index, has been in a general decline for the past 15 years as the country   Read more 

Kudos

Well balanced across market caps and sectors.
Low expense ratio.
Ample research resources.
Shareholder-friendly firm. Read more 

Risks

Japanese market has stumbled frequently over past 20 years or so and could keep doing so. Read more 

Strategy

The fund follows a moderate, growth-oriented approach. It looks for reasonably priced firms with above-average returns on equity that generate decent and sustainable levels of cash flow. Manager Campbell   Read more 

Management

Lead manager Campbell Gunn, who took over at the start of 2003, joined T. Rowe Price in 2002 and has many years of experience managing funds (primarily institutional accounts). He had not previously managed a retail fund available to U.S. investors.  Read more 

Inside Scoop

This fund got a new lead manager at the beginning of 2003. It continues to use a moderate-growth approach but places a greater emphasis on risk control than before. The   Read more 

First Name
Last Name
Email Address
Zip Code
Create Password
Verify Password
(6-15 characters; case sensitive)

Dodge & Cox: Health Care Now More Attractive 
Watch more 

View all of our analyst reports with a free trial to Morningstar.com Premium.