What's New In Investments, Funds? – T Rowe Price Launches Strategy In Japan

Editorial Staff

21 October 2025

T Rowe Price
has launched the T Rowe Price US Capital Appreciation Strategy as a public investment trust fund in Japan.

The US-headquartered firm has forged an exclusive distribution partnership with Mizuho Securities.

The launch is the first time the capacity-constrained strategy is available to retail and intermediary investors in Japan, T Rowe Price said.

Until earlier this year, the T Rowe Price US Capital Appreciation Strategy – led by David Giroux – had been closed to new investors for more than a decade until earlier this year. It combines dynamic allocations to equities, fixed income, and cash, aiming to deliver equity-like returns with lower risk than the US equity market, a statement from T Rowe Price said.

“The strategy is designed to adapt to changing market conditions and manage downside risk, helping investors achieve long-term financial goals. We believe this approach is especially relevant for Japanese investors seeking resilient, risk-managed growth for their portfolios in a low-interest-rate environment,” Naoyuki Honda, country head of T Rowe Price Japan, said.

T Rowe Price, with $1.77 trillion in AuM, has established a presence in Japan since 1982; it became a locally incorporated company in April 2018.