Winnersrationale

The T. Rowe Price Funds SICAV – Dynamic Global Bond Fund has demonstrated a consistent track record in generating regular, reliable income for investors regardless of the interest rate environment and market environment. That proved particularly pertinent in 2022, when geopolitics, rising inflation and higher interest rates combined to produce the worst public market sell-off in decades.

However, the Dynamic Global Bond Fund proved resilient during this turbulence due to its focus on high-quality, government bonds that benefit from higher liquidity, which in turn allows for the portfolio manager to quickly adapt to changes in the underlying market. Among the trades that worked well for the fund in 2022 were pivoting to shorter duration bonds in markets such as the US and UK as a hedge against rising inflation and interest rates, as well as focusing on longer duration in assets in emerging market local currency debt.

These factors would count for little if the Dynamic Global Bond Fund did not achieve the performance to back them up. In an extremely difficult period for fixed income assets, the fund delivered meaningful outperformance to private bank clients. Between January and August 2022, the fund (class A) returned 5.24%, versus 0.36% for the benchmark ICE BofA US 3-Month Treasury Bill Index. On a three- and five-year annualised basis, it returned 4.50% and 2.26%, respectively, compared to 0.61% and 1.27% for the benchmark. Since the fund’s inception in 2015, it has generated positive returns in almost all periods when the S&P 500 has fallen by more than 5%.

As of 31 August 2022, the Dynamic Global Bond Fund was ranked in the first quartile in its Morningstar category for the YTD, one, three, and five-year performance, as well as since its inception. In addition, the fund has a five-star Morningstar rating.

For these reasons, T. Rowe Price wins Best Fund Provider – Global Bond in Asian Private Banker’s 2023 Asset Management Awards for Excellence.