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T Rowe Price expands quant fund lineup

heezsafe
edited April 2016 in Fund Discussions
T. Rowe Price Group Inc. said Tuesday it is diversifying its equity fund lineup, announcing the launch of three new funds and the renaming of another in a quantitatively managed series.
[...]
[Sudhir] Nanda has been managing T. Rowe's Diversified Small-Cap Growth Fund for about a decade. The fund functioned as a proof of concept for his methods. It's now been renamed the QM U.S. Small-Cap Growth Equity Fund. "It wasn't something which happened overnight," Nanda said. "I think we've reached a point where we think it's a pretty well-proven process."
[...]
The QM U.S. Small-Cap Growth Equity fund has about $4 billion in assets under management. It joins the newly launched funds, the QM U.S. Value Equity Fund, QM U.S. Small and Mid-Cap Core Equity Fund and QM Global Equity Fund.
http://www.bizjournals.com/baltimore/news/2016/04/19/t-rowe-price-rolls-out-new-quantitative-funds.html?ana=yahoo

For what interest it holds. PRDSX can be rather volatile, but it has had some very good years (e.g. 2013= 44%).

http://www3.troweprice.com/fb2/fbkweb/snapshot.do?ticker=PRDSX (SC Growth)
http://www3.troweprice.com/fb2/fbkweb/snapshot.do?ticker=TQMVX (Value)
http://www3.troweprice.com/fb2/fbkweb/snapshot.do?ticker=TQSMX&v_linkcomp=link&linkplmt=RN&v_link=findFundModule (SC/MC Core)
http://www3.troweprice.com/fb2/fbkweb/snapshot.do?ticker=TQGEX&v_linkcomp=link&linkplmt=RN&v_link=findFundModule (Global Equity)

Comments

  • rforno

    I own several TRP funds and appreciate their investing style, philosophies, and low costs. That said, I'm sad to see TRP feeling the need to roll 'me-too' niche funds that capitalise on a the latest investment fad of 'smart beta' or 'quantitative' analysis .... I guess AQR's PR machine/success is forcing everyone into this space now?

  • hank
    edited April 2016
    Maybe T. Rowe is developing a split personality?

    Love their solid low-risk, low-cost offerings like PRWCX, TRRIX and RPSIX. Seldom venture into their more aggressive funds, though they have some excellent mid-higher risk funds as well. Been using PRNEX as a play on undervalued energy/nat resources, but cutting back in recent weeks.

    Continues to be the most client friendly & professionally run company I've dealt with.
  • heezsafe
    @hank Ummm, multi-polar?:)

    @rforno I really hope that isn't the future, but no tellin' --- new Chief, so maybe many more new "visions" coming:
    http://blogs.barrons.com/focusonfunds/2016/04/22/t-rowe-expands-quant-fund-offerings/?mod=BOL_hp_blog_fof
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