T. Rowe Price Continental European Equity loses Elite Rating

T. Rowe Price has today announced that Dean Tenerelli, manager of the T. Rowe Price Continental European Equity fund since its launch in 2009, is to leave the company at the end of the year.

Toby Mueller will become co- manager on 1 July 2020 and will work alongside Dean for a handover period before becoming sole manager on 1 October 2020.

Commenting on the change, Darius McDermott, managing director of FundCalibre, said: “Dean has been an excellent fund manager and it is a shame he is leaving, but we wish him well with whatever he decides to do next.

“Unfortunately, the fund will have to lose its Elite Rating with Dean’s departure. However, we will be meeting with Toby, who has a short but good track record on another European equity fund, and we will decide whether or not to award it an Elite Radar at our annual July investment committee meeting.”

The views of the author and any people interviewed are their own and do not constitute financial advice. However the knowledge that professional analysts have analysed a fund or trust in depth before assigning them a rating can be a valuable additional filter for anyone looking to make their own decisions. Before you make any investment decision make sure you’re comfortable and fully understand the risks. If you invest in fund or trust make sure you know what specific risks they’re exposed to. Past performance is not a reliable guide to future returns. Remember all investments can fall in value as well as rise, so you could make a loss.