About PRASX
T. Rowe Price New Asia Fund is an actively managed mutual fund focused on long-term capital growth by investing primarily in the common stocks of companies located in Asia, excluding Japan. The fund systematically seeks out businesses that demonstrate sustainable growth potential or opportunities for valuation expansion, utilizing thorough, fundamental research. Its portfolio is constructed through a bottom-up approach, investing across the full spectrum of market capitalizations, which allows the fund to capture a diverse range of opportunities within the region.
Notably, the fund holds significant positions in leading Asian firms, with top holdings including Taiwan Semiconductor Manufacturing, Tencent Holdings, and Alibaba Group, spanning sectors like technology, communication services, and financials. The strategy aims to provide investors with exposure to the dynamic and rapidly evolving economies of the Asia-Pacific region outside Japan. Established in 1990, T. Rowe Price New Asia Fund is recognized for its experienced management team and robust analytical resources, making it a prominent offering within the Pacific/Asia ex-Japan equity category. Its investment approach is unconstrained by traditional benchmarks, allowing for flexibility in navigating changing market conditions and capitalizing on long-term growth trends.
Fund Family T. Rowe Price
Category Pacific/Asia ex-Japan Stk
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PRASX
Index MSCI AC Asia ex Japan NR USD
PRASX had a total return of 42.10% in the past year, including dividends.
Since the fund's inception, the average annual return has been 8.80%.
