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T. Rowe Price launches new emerging markets bond fund

T. Rowe Price Group, of Baltimore, a global investment management company, announced the launch of its third emerging market bond fund, the Emerging Markets Corporate Bond Fund, trading under the symbol TRECX.

The new fund currently has diversification across more than 30 countries in Asia, Latin America, Europe, the Middle East and Africa.

Approximately 50 percent of its assets are in investment-grade bonds, and it can purchase bonds of any credit quality.

Investments are held for approximately five years.

The fund’s manager is Mike Conelius, who has 23 years of experience in the emerging markets bond fund field.