T. Rowe Price Emerg Mkts Lcl Ccy Bd (PRELX) NASDAQ

5.04

+0.0100003(+0.20%)

Updated at September 26 04:00PM

Currency In USD

T. Rowe Price Emerg Mkts Lcl Ccy Bd

Address

Baltimore, MD 21202

Baltimore, MD 21202

United States of America

Phone

(800) 225-5132

Website

N/A

Sector

Financial Services

Industry

Asset Management - Bonds

Employees

N/A

First IPO Date

May 27, 2011

Key Executives

N/A

Description

Under normal conditions, at least 80% of the fund's net assets (including any borrowings for investment purposes) will be invested in bonds that are denominated in emerging markets currencies, and in derivative instruments that provide investment exposure to such securities. It generally invests in securities where the combination of fixed-income returns and currency exchange rates appears attractive or, if the currency trend is unfavorable, where the adviser believes the currency risk can be minimized through hedging. The fund is non-diversified.