T. Rowe Price Institutional Emerging Markets Equity Fund
IEMFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Baltimore MD 21202 Baltimore MD United States of America 94105
- IPO Date
- Nov 4, 2002
- CIK
- 0000852254
- Website
- ishares.com
- Similar Companies
- Business
- T. Rowe Price Institutional Emerging Markets Equity Fund (IEMFX) is an open-end mutual fund that seeks long-term capital growth by investing primarily in equity securities of companies in emerging markets worldwide. The fund employs a growth-oriented investment style focused on large-cap stocks, with a diversified portfolio emphasizing high-quality companies exhibiting sustainable above-market earnings growth; top sectors include technology (25.22%), financial services (24.90%), and consumer cyclical (11.69%), while top holdings comprise Taiwan Semiconductor Manufacturing Co Ltd (10.81%), Tencent Holdings Ltd (6.00%), and Samsung Electronics Co Ltd (4.11%). It maintains substantial exposure to non-U.S. stocks (97.16%), with regional allocations led by emerging Asia (49.54%), developed Asia (29.19%), and Latin America (9.03%), and a minimum initial investment of $1 million for institutional investors. Launched on October 31, 2002, and domiciled in the United States, the fund is managed from T. Rowe Price Group, Inc.'s headquarters in Baltimore, Maryland, with total net assets of approximately $519 million and a net expense ratio of 1.00%. As of April 1, 2025, portfolio managers Oluwaseun Oyegunle and Wenli Zheng oversee the strategy, following the recent transition from prior lead manager Eric Moffett, who retired on June 30, 2025, with Oyegunle assuming the lead role and chair of the Investment Advisory Committee effective July 1, 2025. Effective the same date, T. Rowe Price terminated its subadvisory agreement with T. Rowe Price Singapore Private Ltd. while adding T. Rowe Price Hong Kong Limited as a subadviser and removing prior arrangements. In late 2025, T. Rowe Price Group expanded its broader product suite with the launch of four new active fixed income ETFs, including municipal bond and multi-sector income offerings, bringing its active ETF lineup to 28 funds, though this did not directly impact IEMFX operations. Additionally, the firm transitioned to Charles River's enterprise investment management system in December 2025 to support growth, innovation, and regulatory compliance across its platforms. These changes reflect ongoing portfolio management enhancements and firm-wide strategic modernization within the diversified emerging markets category.