T. Rowe Price New Era Fund (PRNEX) NASDAQ
Currency In USD
- General
- Statistics
- Historical Data
- Profile
- Financials
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Address
100 East Pratt Street
Baltimore, MD 21202
United States of America (the)
Phone
410-345-2000
Website
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
January 02, 1980
The main goal of this fund is to achieve substantial capital appreciation over an extended period. It typically commits at least two-thirds of its assets to the common stocks of companies involved in natural resources, as their profits and tangible assets often benefit from periods of accelerating inflation. Additionally, the fund strategically invests in other growth-oriented businesses that its managers believe have strong potential for profit expansion, even if these firms do not own or develop natural resources themselves. This investment vehicle is characterized by its non-diversified portfolio.