T. Rowe Price New Asia Fund
PRASX
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
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Martin G. Wade
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Sep 28, 1990
- CIK
- 0000313212
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price New Asia Fund (PRASX) is an open-end mutual fund managed by T. Rowe Price Associates, Inc., seeking long-term growth of capital through investments primarily in common stocks of companies domiciled in or with primary operations in Asia, excluding Japan. The fund normally invests at least 80% of its net assets in such Asian companies, as determined by country classifications from MSCI, Inc. or other data providers; it is non-diversified and classified in the Pacific/Asia ex-Japan stock category with a large growth investment style. Launched on September 27, 1990, the fund is headquartered in Baltimore, Maryland, as part of T. Rowe Price Group, Inc., and targets institutional and retail investors with a minimum initial investment of $2,500. As of recent data, assets under management stand at approximately $1.9 billion, with an expense ratio of 0.99% to 1.03% and a portfolio turnover of 55%; top holdings include Taiwan Semiconductor Manufacturing Co. Ltd. (11.58%), Tencent Holdings Ltd. (8.38%), Alibaba Group Holding Ltd. (4.05%), Samsung Electronics Co. Ltd. (3.91%), and DBS Group Holdings Ltd. (3.23%), spanning sectors such as technology, communication services, consumer cyclical, and financial services. The fund distributes dividends annually, with a trailing twelve-month yield of 1.00%. Recent performance reflects year-to-date returns of 5.68% and one-year returns of 6.82% as of mid-2025, amid ongoing portfolio management by a dedicated team leveraging T. Rowe Price's sizable analytical resources in Asian equities. The strategy maintains Above Average ratings for People and Process from Morningstar, emphasizing a robust, consistent approach suitable for market cycles despite short-term volatility. Portfolio holdings are disclosed quarterly, with the most recent available as of September 30, 2025, confirming continued focus on high-conviction positions in key Asian markets including Taiwan, China, South Korea, India, Singapore, Indonesia, and Hong Kong. No major structural changes, such as new share classes beyond the existing I Class (PNSIX), acquisitions, funding rounds, or strategic shifts, have been announced in the last 1-2 years; operations remain centered on active equity selection across large- and small-cap companies in the region.