T. Rowe Price New Era Fund (PRNEX) Research
The main goal of this fund is to achieve substantial capital appreciation over an extended period. It typically commits at least two-thirds of its assets to the common stocks of companies involved in natural resources, as their profits and tangible assets often benefit from periods of accelerating inflation. Additionally, the fund strategically invests in other growth-oriented businesses that its managers believe have strong potential for profit expansion, even if these firms do not own or develop natural resources themselves. This investment vehicle is characterized by its non-diversified portfolio.
Market snapshot
- Symbol
- PRNEX
- Price
- $47.08
- Day change
- -0.70%
- Market cap
- $5.1B
- 52-week range
- 38.88-50.4
- Sector
- Financial Services
- Industry
- Asset Management
Peer companies
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