Larry Puglia, manager of T. Rowe Price Blue Chip Growth since its 1993 inception, will retire at year-end 2021. A well-telegraphed transition has been in the works since Paul Greene became associate portfolio manager in January 2020, and he'll officially take over on Oct. 1, 2021. With a smooth handoff setting the stage for continued success, the strategy retains its Above Average Process and People ratings, and its Morningstar Analyst Rating stays Silver for all but the most expensive share class, which is Bronze.
Will PABGX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PABGX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PABGX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PABGX’s parent organization’s priorities and whether they’re in line with investors’ interests.