Frank Alonso is an investment analyst in the U.S. Equity Division of T. Rowe Price. He has has 13 years of investment experience, and has portfolio management responsibilities in the firm's U.S. Structured Research Equity Strategy.
In this radio podcast he elaborates on their fund's investment philosophy, portfolio construction, equity exposure that spans deep value and aggressive growth companies ...
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Q1 - Could you tell us what your market capitalisation definition is, in the context of the U.S. Smaller Companies Equity Fund?
Q2 - Could you elaborate on the Fund's sector diversification?
Q3 - Over the last couple of years the Fund's turnover has been in the region of 40%, which is considerably higher than it was in the past. Why is this?
What tends to be the average time you are invested in a stock?
Q4 - Take us through your portfolio construction process - given that you allocate to between 225 - 300 stocks.
Q5 - Since the smallest U.S. stocks have recently been rallying twice as fast as bigger companies in the U.S. - do you believe their out performance is sustainable; and potentially, for how much longer could this continue?
Q6 - What are the 10 top positions in your portfolio?
What is the rationale behind each?