T Rowe enters fund partnership with Tapiola
FINLAND- Investment manager T. Rowe Price has entered a partnership with Tapiola Fund Management Company, giving Tapiola exclusive rights to market six T. Rowe Price funds in Finland through its own branded mutual funds.
Tapiola will add the Luxembourg SICAV funds to its own twelve. New additions include T. Rowe Price’s global high yield bonds, global emerging markets equity, global clean future equity, US blue chip equity, US large cap value equity and US smaller companies equity.
The US Equity Funds (blue chip, large cap value and smaller companies) will be combined and marketed as Tapiola USA.
Said Thomas Pedersen, managing director of T. Rowe Price Global Investment Services in London: “We have recently expanded our operations into Europe and our new relationship with Tapiola is an excellent platform through which to market our products in Finland,”
The T. Rowe Price SICAV has been registered in Germany, Luxembourg, Norway, Sweden, and Denmark with the exception of the global equity fund which is only registered in Luxembourg.