Investment giant T. Rowe Price introduces Emerging Markets Water Infrastructure Strategy
In a significant move towards sustainable water management and ocean preservation, T. Rowe Price has launched a new emerging markets strategy, known as T. Rowe Price Blue. The strategy, which has secured funding exceeding US$200 million, will focus on water infrastructure and aim to manage resources in a way that is both sustainable and impactful.
The fund, T. Rowe Price Blue, will invest in corporate bonds issued by financial institutions and real-sector companies in emerging markets. The investments will be guided by strict impact investment guidelines, developed jointly by T. Rowe Price and the International Finance Corporation (IFC).
The projects supported by the fund will be located in emerging markets and will focus on water infrastructure. Specifically, the fund will support projects related to marine ecosystem conservation, wastewater treatment, coastal climate adaptation, and clean water infrastructure.
Eric Veiel, Head of Global Investments and CIO at T. Rowe Price, has stated that the debut of T. Rowe Price Blue is a significant step towards sustainable water management and ocean preservation. He further emphasised that the investments made through T. Rowe Price Blue are in line with the strategy's focus on specific water-related United Nations Sustainable Development Goals.
Through T. Rowe Price Blue, T. Rowe Price is mobilising essential capital to protect and sustain the world's precious water resources. The fund's focus on water infrastructure demonstrates T. Rowe Price's commitment to managing innovative and impactful investment strategies.
However, it should be noted that the search results do not provide specific information about which companies or institutions are involved in the water infrastructure fund started by T. Rowe Price, nor do they list the specific projects supported by this fund.
Despite this, Eric Veiel has expressed confidence that the investments made through T. Rowe Price Blue will contribute to the protection and sustainability of the world's water resources. He concluded by stating that T. Rowe Price Blue demonstrates T. Rowe Price's commitment to managing innovative and impactful investment strategies that address the need for sustainable water management and ocean preservation.
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