The firm's quantitative fund expansion seems consistent with its identity for reasonably priced, low-turnover investment strategies.
Looking at some under-the-radar fund ratings.
A roundup of the largest distributions from the big fund complexes.
T. Rowe Price to close New Horizons to most new investors, Vanguard's fixed-income group head to retire in March, Columbia Wanger's Chuck McQuaid to step down as CIO and Columbia Acorn comanager, and some tragic news at First Eagle.
Morgan Stanley to close a Silver-rated global stock fund to new investors and T. Rowe Price bans some 1,300 employees of American Airlines from trading T. Rowe funds in the airline's employee-sponsored retirement plan.
Plus, AllianceBernstein to buy W.P. Stewart, FPA Paramount alters its focus, Fidelity to roll out a short-duration high-yield fund, PIMCO plans for a managed-futures fund, and a sad farewell to retired T. Rowe Price manager and 1995 Fund Manager of the Year Jack Laporte.
The firm remains on solid footing after some unexpected manager and analyst departures.
These are four of the best.
T. Rowe Price has grown but continues serving fund shareholders well.