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T Rowe Price fund taken up by BT and SFG

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By Reporter
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2 minute read

T Rowe Price's global fixed income solution has been added to the investment menus of BT Financial Group and SFG Australia.

The Dynamic Global Bond Fund will be distributed through Asgard and BT Wrap, while the Specialist Income Fund will be available via Mosaic (which is part of soon-to-be IOOF-owned SFG Australia).

T Rowe Price head of relationship management for Australia and New Zealand Murray Brewer said his firm's global fixed income team is working with clients to "structure solutions around their portfolio income objectives".

"Our dynamic approach to global fixed income can be tailored to meet client specified time horizons, risk tolerances and income requirements," said Mr Brewer.

“While an active, dynamic and global approach to fixed income may require a departure from targeting benchmarks dominated by the largest issuers of debt, we believe it is key to achieving quality returns without excessive risk in today’s changing debt landscape.

"The ability to generate sustainable income without volatility is critical in markets such as Australia, where an increasing number of retirees face longer retirements," said Mr Brewer.

SFG chief investment officer Matthew Drennan said: "We have been actively reviewing fixed income managers in Australia to find the best of breed, and are delighted to partner with T Rowe Price to offer this solution to our advisers and their clients."