About IEMFX
T. Rowe Price Institutional Emerging Markets Equity Fund is an institutional mutual fund designed to provide long-term capital growth through investments in the common stocks of companies operating primarily in emerging markets. The fund allocates at least 80% of its net assets to equities from a diverse array of developing economies, spanning Asia, Latin America, Europe, the Middle East, and Africa. It invests across the full spectrum of market capitalizations, targeting both large and smaller companies with enduring growth prospects.
Managed by T. Rowe Price, the fund seeks to identify firms with strong free cash flows, sustainable margins, and experienced management teams. Notable holdings often include leading technology and financial companies such as Taiwan Semiconductor Manufacturing, Samsung Electronics, and Tencent Holdings. The fund’s investment approach is rooted in fundamental, bottom-up research, emphasizing franchise strength and corporate governance. With over 90 holdings, it is categorized within the diversified emerging markets group and uses the MSCI Emerging Markets Index as its benchmark. The fund caters exclusively to institutional investors, with a high minimum investment and an expense ratio of around 1.00%. Its role is to offer professional investors diversified access to the growth potential of emerging market equities as part of a broader global portfolio.
Fund Family T. Rowe Price
Category Diversified Emerging Mkts
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol IEMFX
Index MSCI EM (Emerging Markets) NR USD
IEMFX had a total return of 43.11% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.34%.
