61. When things stop getting worse, pleasant surprises and stock market epicentres

Speaking to us from the US, David Eiswert, manager of T. Rowe Price Global Focused Growth Equity fund, describes the current crisis as akin to a “natural disaster” or a “man vs nature” fight that warrants different responses to other crises. David believes that stock markets will bottom “when things stop getting worse” – not when there is an absence of risk, but when risk has diminished. Could that time be now?
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As with all T. Rowe Price funds, the role of the research analyst in seeking out the right companies for further scrutiny is key for the T. Rowe Price Global Focused Growth Equity fund. Manager David Eiswert uses their best ideas and builds a portfolio based on key themes to create a global equity fund with considerable potential for delivering long term returns across all market conditions. Holdings within the fund may be based anywhere in the world, including emerging markets.

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