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From ***** Gold To ***** Neutral: T. Rowe Price Health Sciences Fund (PRHSX)
I think this is pretty normal for M* unless they see evidence of replacement manager's track record, either in the same fund or elsewhere. I will stick-on and keep an eye.
I did the same for MFCFX, which is even worse case scenario. M* changed their rating to Negative for this fund based on Marsico mgr/analyst turnovers and its history.
I have been around along time, but in my experience, TRP funds have never laid an egg when it comes to appointing managers. I can remember when there was a change at PRWCX a while back, and M* panicked a bit. Same with a couple other TRP funds. They have a really good system of identifying managers who can maintain consistency in their funds. You are right...we will have to see how this works out. But I would not lose any sleep over it.
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I did the same for MFCFX, which is even worse case scenario.
M* changed their rating to Negative for this fund based on Marsico mgr/analyst turnovers and its history.