T Rowe Price launches large cap fund

T Rowe Price has launched a Global Large Cap Equity fund, which is managed by Scott Berg.

Investors can gain access to the fund through a segregated account and the group’s Luxembourg-domiciled Sicav range.

Investing in large cap stocks, the portfolio will focus on established companies whose market capitalisation, at the time of purchase, falls within or above the range covered by the MSCI All Country World Large Cap index, the company says.

The group says the fund managers will maintain a best ideas, growth-oriented portfolio of between 80 and 100 stocks.

Berg has been with T Rowe Price for six years. He previously worked as an associate portfolio manager of the Global Equity fund.

T Rowe Price launched a European Smaller Companies Equities Sicav for Justin Thomas last week.