T. Rowe Price opens two stock funds

November 21, 2008

T. Rowe Price Group Inc., the Baltimore-based money manager of $345 billion, opened two worldwide stock funds for U.S. investors. Global Large-Cap Fund and Global Real Estate Fund each will invest at least 40 percent of their money outside the U.S., T. Rowe Price said in a statement yesterday. Global Large-Cap will be managed by Scott Berg and Global Real Estate by David Lee. The funds represent T. Rowe's first new global funds since its $103 million Global Technology Fund opened in September 2000. The MSCI EAFE Index of developed markets outside the U.S. has fallen 53 percent this year.

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