T. Rowe expands SICAV range

The company hopes to add a pan-European equity portfolio and a Continental European equity strategy, subject to FSA approval, both of which will be managed by the company’s specialist European equity portfolio manager Niall Gallagher. Gallagher will hold between 30 and 50 stocks in each vehicle and will seek to invest in high alpha holdings. The offerings will be similar to the funds he ran at Merrill Lynch. The multi-cap funds will invest primarily in large cap stocks although there will be a slight bias to mid and small cap holdings compared to the benchmark. Gallagher said: “I b...