The strategy’s objective is to seek long-term capital growth by investing in common stocks of large, established companies whose market capitalisation, at the time of purchase, falls within or above the range covered by the MSCI All Country World Large Cap Index.

“Despite the worldwide slowdown in growth, we believe it is a good time to look opportunistically across the globe for attractive large cap companies with compelling long-term prospects and low valuations. The strategy will invest in established growth-seeking companies, with seasoned management and strong balance sheets. With the ability to invest without borders, we will actively seek the most attractive larger companies, wherever they may be headquartered,” said Scott Berg, portfolio manager.

The strategy’s management team will maintain a growth-oriented portfolio which will typically own 80 to 100 stocks in which the research analysts have high conviction.

“We have been strategically expanding our global research capabilities for a number of years and now have more than one third of our equity research team based outside the United States. We are pleased to offer clients both an expanded investment  opportunity set that includes a global large cap equity strategy and durable diversification value,” said Bill Stromberg, director of global equities.

 “Our strategy for launching new products follows a considered approach – offering competitive products in key asset classes when we believe they offer lasting value for clients. The addition of the Global Large Cap Equity strategy highlights the great progress we have made in improving the depth and breadth of our global research team,” said Peter Preisler, head of EMEA.

T Rowe Price has £192.2 billion in assets under management as at 31 December 2008.