T Rowe Price has unveiled a new emerging markets bond fund. The T Rowe Price Emerging Markets Local Currency Bond Fund will seek to invest in local currency bonds, mainly sovereign bonds issued by emerging market governments.

The fund will be represented across nearly 15 different emerging market local currencies in Europe, Asia, Latin America, the Middle East and Africa. The mutual fund will be managed by Chris Rothery and Andrew Keirle.

Click here for the release from PR Newswire.