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Price of T. Rowe Price tumbles
Shares of T. Rowe Price Group Inc., the asset manager that has posted a profit every quarter since…
Target date glide paths are ‘unstable’ at some major plan providers
Ibbotson Associates Inc. looked at 21 major target date fund families and found that a target date fund's asset allocation generally becomes more conservative as employees age.
Upbeat asset managers step up sales hiring
Mutual fund companies are beefing up their sales departments, a sure sign of optimism in an industry that was hit hard by the financial downturn
AllianceBernstein sees target date fund outflows
But money flowed into TDFs run by Vanguard and T. Rowe Price in the first quarter
T. Rowe Price hires ex-Fidelity exec in ‘puzzling’ move
T. Rowe Price Group Inc. has tapped Scott David, a former Fidelity Investments executive, to head third-party distribution, filling the position after 17 months
T. Rowe Price: Set to lead a parade of active-ETF launches?
T. Rowe Price Group Inc. appears to be inching closer to launching its first actively managed exchange-traded fund — a fixed-income offering — and experts predict that it will be the first of many of its kind this year.
Target date funds add alternatives to combat inflation
In an effort to guard against the rising threat of inflation, several target date fund providers have added alternative asset classes to their portfolios.
T. Rowe sees inflows, earnings surge — but stock price sinks
Buoyed by new deposits in retirement funds, asset manager reports nearly 60% rise in profits in second quarter
Putnam eyeing actively managed ETFs, CEO Reynolds says
Putnam Investments is discussing launching actively managed exchange-traded funds. “As actively managed ETFs become a reality, we want…
T. Rowe Price 1Q profit triples as market rallies
Investment manager T. Rowe Price Group Inc. said Friday its first-quarter profit tripled, as the market rallied and investors put more money into their mutual funds.
T. Rowe Price Group buys stake in UTI Asset
Mutual fund manager T. Rowe Price Group Inc. said Monday it is buying a 26 percent stake in Indian asset manager and mutual fund company UTI Asset Management Co. and UTI Trustee Co. for about $138 million.
Target date fund liquidations double from full-year-2008 levels
There have already been more than three times the number of target date fund liquidations so far this year than there were in all of 2008. Moreover, experts predict that trend to increase as smaller fund managers are finding it nearly impossible to gain traction in the market.
T. Rowe Price 3Q profit dips as fees shrink
Mutual fund manager T. Rowe Price Group Inc. said Friday its third-quarter profit shrank 13 percent as the recent market rally failed to restore money management fees back to pre-meltdown levels.
Mutual fund giants start using terrorist identification tactic to target financial advisers
Law enforcement uses behavioral profiling to identify terrorists, and now mutual fund companies are starting to apply the methodology to financial advisers to target sales and marketing efforts more effectively.
Fund-adviser relationship will move online, predicts T. Rowe’s John Cammack
In his 18 years of building the third-party-distribution unit at the Baltimore-based T. Rowe Price Group Inc., John Cammack has seen many changes, including the emergence of fee-based programs and open architecture.
T. Rowe’s 2Q earnings fell 38% from a year earlier
T. Rowe Price Group Inc..'s second-quarter profits dropped 38% in the second quarter, in large part due to investment-advisory revenue. The Baltimore-based firm did, however, beat Wall Street expectations.
T. Rowe Price opens its first large-cap core fund
T. Rowe Price Group Inc. launched the U.S. Large-Cap Core Fund (TRULX), which will invest in both growth- and value-oriented large-cap stocks.
Future of target date funds the focus of SEC- Labor Department hearing
More than two dozen industry and association representatives will weigh in on whether target date funds need to be redesigned at a June 18 hearing with the Securities and Exchange Commission and the Department of Labor.
Wall Street’s world turned upside down
The day of reckoning has come for the financial services industry.
Wells Fargo first-quarter earnings in line with forecast
Wells Fargo & Co.'s first-quarter report on Wednesday had few big surprises, as results fell in line with the bank's forecast and easily beat Wall Street's estimates. But like most of its peers, the bank continues to post higher credit costs.
