Thomas White Funds Launches Emerging Markets Fund

Thomas White Funds announced the launch of the Thomas White Emerging Markets Fund.

The new no-load fund, managed by Thomas White International, Ltd., invests in securities of companies located in or whose businesses are closely associated with the world’s emerging market countries. 

According to the announcement, the Thomas White Emerging Markets Fund’s objective is to achieve long-term capital growth for its investors by actively seeking investment opportunities in some of the fastest expanding economies in the world. The fund will leverage Thomas White International’s in-house research capabilities and long-term expertise in global investing to identify undervalued firms which have superior earnings power and balance sheet strength 

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Thomas S. White Jr., a former Morgan Stanley Managing Director, President and Chairman of Thomas White International, will serve as the new Fund’s portfolio manager. 

The announcement said the Thomas White Emerging Markets Fund will complement the other no-load funds managed by Thomas White International: The Thomas White American Opportunities Fund, which invests in equity securities of mid-size U.S. companies, and the Thomas White International Fund, which invests in equity securities of companies located in the world’s developed countries outside the U.S. 

 

More information is at http://www.thomaswhite.com/.  

 

T. Rowe Reduces College Savings Plan Fees

T. Rowe Price and the Education Trust of Alaska announced fee reductions to their College Savings Plan. 

The program fee will be reduced to 0.2%, down nearly one-third of the original cost, and the annual account fee will be $20, a 20% reduction. The reduced costs will allow account holders to keep a greater proportion of the investment returns from their college savings portfolios.  

The reduced annual account fee will also be waived for customers who: 

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             Invest regularly with payroll deductions or Automatic Asset Builder; or  

             Have $25,000 or more invested for one child; or  

             Have a total of $75,000 or more invested for multiple children. 

“We understand the challenge parents and students face in meeting and financing the cost of a college education,” said Edward C. Bernard, vice chairman of T. Rowe Price Group. “Therefore, we continue to strive to help our customers get more value from their college savings plan so that they can successfully achieve their higher-education goals.” 

Fees will be lowered on the T. Rowe Price College Savings Plan, a national 520 college savings plan, and the University of Alaska College Savings Plan. Both of these offer five Static Portfolios, as well as Enrollment-Based Portfolios that periodically adjust to reflect the beneficiary’s investment time horizon as the client approaches the expected time of college entry.  

   

For more information about the T. Rowe Price College Savings Plan, please visit http://www.price529.com.  

 

 

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