T. Rowe Price Emerg Mkts Lcl Ccy Bd (PRELX)
T. Rowe Price Emerg Mkts Lcl Ccy Bd operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Baltimore, MD, US. The stock last traded at $4.92, up 0.20% on the session, giving a market capitalisation of $457.2M. Its beta of 1.20 implies it has historically moved more than the broad market.
This investment vehicle primarily concentrates its capital (at least 80% of net assets, including any leveraged funds) in debt securities issued by emerging market countries, denominated in their local currencies, or in derivative instruments providing equivalent exposure. Its strategy is to identify opportunities where the interplay between fixed-income returns and currency exchange rates presents an appealing profit potential. Conversely, if currency trends appear unfavorable, the fund actively employs hedging techniques to mitigate associated risks. Notably, this fund operates as a non-diversified entity.
T. Rowe Price Emerg Mkts Lcl Ccy Bd is most often compared with the following Financial Services names: