The T. Rowe Price Emerging Europe Fund (TREMX) Down Over 35% In 2014
The T. Rowe Price Emerging Europe Fund (TREMX) is a non-diversified fund that seeks long-term capital growth. The fund seeks to invest at least 80% of its assets in common stocks of companies located in emerging European countries, primarily in eastern Europe. Additionally, the fund may use leveraged borrowings for investment purposes.
The fund has consistently had very poor performance. In 2014, shares of TREMX were down 35.77% for the year, and the 5-year average annual return is negative 6.69%.
The fund, managed by S. Leigh Innes, has a heavy concentration in Russian companies. As of September 30, 2014, seven of the top ten equity holdings of TREMX were Russian equities, increasing the risk of experiencing volatile currency swings.
If your financial advisor or stockbroker recommended that you invest in the T. Rowe Price Emerging Europe Fund, you may have options to recover your investment loss. If your advisor failed to fully disclose the risks of investing in the T. Rowe Price Emerging Europe Fund, then you may have a claim for misrepresentation. If your investment objective was to only invest in safe and stable investments, you may have a claim for unsuitability. If the T. Rowe Price Emerging Europe Fund made up a large portion of your portfolio, then you may have a claim for over-concentration and lack of diversification. If your advisor purchased this fund without your knowledge, you may have a claim for unauthorized trading. If your advisor purchased this fund on margin, you may have a claim for excessive use of margin and negligence.
The attorneys at Carlson & Associates, P.A., located in Miami, Florida, represent investors who have lost money due to the improper conduct of financial advisors. If you would like to have a free consultation, we can be reached at (305) 372-9700 to discuss your options.