This strategy, which includes T. Rowe Price Emerging Markets Stock, its two U.S.-sold institutional and CIT versions, and its UCITS twin, is going through a manager transition. Its longtime skipper Gonzalo Pangaro will retire in January 2022. It's a loss, but the two new managers have good credentials to take up the torch and vast research resources to rely on. The strategy earns Above Average People and Process ratings. Institutional share classes on the different funds receive a Morningstar Analyst Rating of Silver. Retail classes land at Bronze or Neutral depending on their fee level.
Will PRZIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRZIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PRZIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PRZIX’s parent organization’s priorities and whether they’re in line with investors’ interests.