FYI: William Stromberg is ready to take on the naysayers.
Even as investors continue to abandon actively managed mutual funds, the chief executive of T. Rowe Price Group Inc. is doubling down on stock picking. Stromberg, armed with a record that shows that the majority of the company’s funds outperform indexes even after charging higher fees, is taking steps from bolstering advertising to adding new products to lure clients.
“Over a market cycle, we’ll put up our results against passive any day of the week,” Stromberg said in an interview.
Regards,
Ted
https://www.bloomberg.com/news/articles/2017-06-28/quiet-giant-t-rowe-wants-you-to-know-stock-pickers-still-matter
