T. Rowe Price Emerg Mkts Lcl Ccy Bd (PRELX) NASDAQ
Currency In USD
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Currency In USD
Address
Baltimore, MD 21202
Baltimore, MD 21202
United States of America (the)
Phone
(800) 225-5132
Sector
Financial Services
Industry
Asset Management - Bonds
Employees
N/A
First IPO Date
May 27, 2011
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.