FYI: There’s no great secret to David Eiswert’s success. Like the famed boxer Sonny Liston, he wins through brute force.
T. Rowe Price employs 158 equity analysts worldwide, and Eiswert has access to every one of them. That collaboration keeps his global stock fund (ticker: PRGSX) truly active. “Clients today are more sophisticated; they can say, ‘I want U.S. large-cap growth stocks,’ manufacture that [with an ETF], and do pretty well at a very low cost,” Eiswert says. “But a global strategy gives us the most freedom. We can go anywhere for opportunities.”
The mutual fund has $1.5 billion under management, but Eiswert runs the firm’s $8.7 billion global stock strategy, primarily for institutional clients. Since Eiswert became the fund’s manager in October 2012, it has delivered a 149% cumulative return, compared with 72% for the average fund in Morningstar’s World Large Stock category. In the past three years, it has the category’s fourth-highest Sharpe ratio, a measure of risk-adjusted return.
Regards,
Ted
https://www.barrons.com/articles/t-rowe-price-fund-manager-on-netflix-apple-51551984738?mod=hp_BRIEFLIST_3&mod=article_inlineM* Snapshot PRGSX:
http://performance.morningstar.com/fund/performance-return.action?t=PRGSX®ion=usa&culture=en_USLipper Snapshot PRGSX:
https://www.marketwatch.com/investing/fund/prgsxPRGSX Is Ranked #1 In The (WS) Fund Category By U.S. News & World Report:
https://money.usnews.com/funds/mutual-funds/world-large-stock/t-rowe-price-global-stock-fund/prgsx
