FYI: T. Rowe Price Group isn’t one of the fund industry’s giants, but the active manager has been punching above its weight, helped by a stable of funds that have built strong track records and investments by Chief Executive William Stromberg to position the company for the changes in the asset management business.
The fund firm (ticker: TROW), which has just over $1 trillion in assets, has grown by forging strong distribution partnerships and focusing on multiasset products, like target-date funds. Performance has also helped, with almost 90% of T. Rowe’s diversified U.S. equity funds, for example, beating their benchmarks over 10-year rolling periods.
Barron’s spoke with Stromberg about what T. Rowe is concentrating on as the industry evolves, and the most important thing for asset managers in the next downturn. For more from Stromberg and a broader view of the changing fund industry, see “The Fund Industry Is Overdue for a Change.”
Regards,
Ted
https://www.barrons.com/articles/t-rowe-price-william-stromberg-interview-1539138412?mod=hp_DAY_7M* T.Rowe Price Funds:
http://quicktake.morningstar.com/fundfamily/t-rowe-price/0C00001YZ8/fund-list.aspx
