T. Rowe Price Group, Inc. (TROW) News

T. Rowe Price Group, Inc. (TROW)

Today's Latest Price: $143.94 USD

4.57 (3.28%)

Updated Nov 24 4:00pm

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Latest TROW News From Around the Web

Below are the latest news stories about Price T Rowe Group Inc that investors may wish to consider to help them evaluate TROW as an investment opportunity.

These are the top bankers, lawyers, and capital providers driving the $40 billion SPAC craze

Summary List Placement One of Wall Street's most talked-about trends is the wave of special-purpose acquisition companies, or SPACs, that have launched IPOs at such a torrid pace that they're on track to raise more than triple last year's totals. One-hundred and twelve SPACs, aka "blank-check firms," have raised more than $40 billion so far this year, according to the website SPAC Research. There are now 183 shell companies with $57 billion to spend on bringing other companies public, the data provider said. There's an entire ecosystem of advisers, salespeople, and lawyers increasingly pitching blank-check companies to investment platforms and wealthy people. Asset managers like Fidelity, T. Rowe Price, and Capital Research are also increasingly participating in the market, lending an a...

Business Insider | October 1, 2020

UTI AMC IPO in progress: All you need to know about the share sale

UTI AMC,UTI AMC share sale, initial public offering (IPO), UTI Asset Management Company (AMC) , State Bank of India (SBI), Life Insurance Corporation of India (LIC), Punjab National Bank (PNB), Bank of Baroda (BoB) ,T Rowe Price International,Sebi's mutua

Business Today | September 29, 2020

UTI AMC may be a better secondary market bet

ET Intelligence Group: Investors may consider investments in UTI Asset Management Company in the secondary markets. Deep and wide geographical reach beyond metros, decades-long existence in the mutual funds industry, and strong presence in a wide variety of equity and other investment products are a few key business strengths of the company.BusinessUTI Asset Management Company is the second-largest Asset Management Company (AMC) in terms of total Asset Under Management (AUM) of India’s mutual funds industry. In the top-30 cities, in terms of AUM, the company has a market share of 76 per cent. In the B-30 cities—tier-2 and tier-3 cities— the company has a market share of 24 per cent of total AUM in these locations. As of June 30, 2020, the company’s Quarterly Average AUM (QAAUM) was Rs 1...

Economic Times India | September 27, 2020

T. Rowe Price reports a rise in prelim August AUM

T. Rowe Price Group (TROW) reported prelim assets under management of $1.34T as of August 31, 2020 vs. $1.28T reported as of July 31, 2020.Client transfers from mutual funds to other portfolios, including trusts and separate accounts, stood at $1.3B in August 2020 and $1.9B for the quarter-to-date period ended August 31,...

Seeking Alpha | September 11, 2020

US asset management giant T Rowe Price enters semi-transparent active ETF sector

US asset management giant T Rowe Price enters semi-transparent active ETF sector Submitted By Beverly Chandler | 26/08/2020 - 8:52am Earlier this month saw asset management giant T Rowe Price, with USD1.22 trillion under management, enter the ETF arena, in the US, with four semi-transparent ETF products that largely mirror their existing mutual fund offerings. Tim Coyne, head of ETFs at T Rowe Price, explains that the firm was a pioneer in growth investing with the launch of the T Rowe Price Growth Stock Fund in 1950. The firm has been looking at entering the ETF market for some years, but waited until it received regulatory approval for an ETF model to align with its active management approach. T Rowe Price has created its own structure to protect the IP of its four funds. “In absolute...

ETF Express | August 26, 2020

Role of Active ETFs in Today’s Market

Advisors are looking critically at traditional market indexes and the challenges of navigating today’s new market environment. In the upcoming webcast, Role of Active ETFs in Today’s Market, Timothy Coyne, Head of Exchange-Traded Funds, T. Rowe Price; Scott Livingston, Head of ETF Strategy, T. Rowe Price; and James Norungolo, Portfolio Specialist, U.S. Equity, T. Rowe […] The post Role of Active ETFs in Today’s Market appeared first on ETF Trends .

ETF Trends | August 25, 2020

T Rowe Price to hike stake in UTI Trustee Company

US asset manager T Rowe Price is set to increase its stake in UTI Trustee Company to 51% from 26%, a move that will put the firm in the driver’s seat at the country’s eighth-largest mutual fund, two people with direct knowledge of the development said.T Rowe Price, already the biggest shareholder in UTI Mutual Fund, will acquire a portion of the shareholding of Life Insurance Corporation (LIC), State Bank of India (SBI) and Bank of Baroda (BoB) in the trustee company.In response to ET’s query, a spokesperson for T Rowe Price said, "This is not something that we’re able to comment on." Emails sent to LIC, SBI and BoB didn’t elicit responses.The role of the trustees is to ensure that the mutual fund is run in the interest of the unitholders. Sources said a higher holding in the trustee co...

Economic Times India | August 18, 2020

Equifax embraces the public cloud

Happy hump day! Two interesting stories broke over the past day or so that highlight the unstoppable force that is fintech. First up, Trumid, an electronic trading venue for corporate bonds, announced a $200 million raise from the likes of Blackrock and T. Rowe Price that bumps the startup's valuation above the $1 billion mark, as first reported by Bloomberg . Electronic trading of bonds has been on the rise in recent years, but one of the biggest boosts came with how the venues performed in March and April of this year when markets were at their most volatile. Next up is a report out of Bloomberg that American Express is in "advanced talks" to acquire small-business lender Kabbage. It's been quite the turnaround for the Softbank-backed startup, which after some initial hurdles early on...

Business Insider | August 12, 2020

Axis, ICICI QIPs take private bank mop-up to 53,000 crore

Axis Bank’s QIP was subscribed over 3.5 times with investment from ICICI Prudential Mutual Fund, Aditya Birla Sun Life Mutual Fund, Harris Associates, Fidelity Investments, T Rowe Price, Bajaj Life Insurance and Max Life Insurance, among others.

Economic Times India | August 11, 2020

Q&A With T. Rowe Price on Entering the ETF Industry | ETF Trends

ETF Trends caught up Tim Coyne, Head of Exchange-Traded Funds at T. Rowe Price, to discuss the asset manager entering the ETF industry after debuting four active ETFs on the New York Stock Exchange last week. The ETFs, which will be actively managed by T. Rowe Price portfolio managers, include the Blue Chip Growth ETF…

ETF Trends | August 10, 2020

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