3 Important Manager Changes This Year morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
March 2, 2021
T. Rowe Price launched four active ETFs in August 2020, providing access to the firm’s time‑tested strategic investing expertise in a new set of vehicles. Relying on the same managers as four of T. Rowe Price’s flagship U.S. large‑cap investment strategies that have been available to clients for decades meant allowing for similar strategies to build up separate histories and track records for these funds.
As detailed in T. Rowe Price’s article, “Accessing U.S. Equities With T. Rowe Price Active ETFs,” While all four ETFs use the S&P 500 Index as either their primary or secondary benchmark, each focuses on a different approach to the U.S. large‑cap market and seeks to leverage specific fundamental return factors to drive active performance. The funds include:
Key Takeaways
Equity mutual funds broke an almost year-long streak of weekly outflows as investors added a rare $1.2 billion into these products in the week ended February 10.
There have been only 14 weeks since the beginning of 2018 when equity mutual fund managers collectively had fresh cash to work with instead of dealing with redemptions.
In the last three calendar years, investors pulled $1.3 trillion out of equity mutual funds, with $1.1 trillion flowing into ETFs. CFRA does not expect the momentum to end as more asset managers are offering investors a choice of structures run by the same managers.
Fundamental Context
After 44 consecutive weeks of outflows, equity mutual funds gathered net new money. Equity mutual funds gathered $1.24 billion of net inflows in the week ended February 10, according to data from Investment Company Institute (ICI), an industry group representing mutual funds, ETFs, and other investment companies. This rare occurrence was driven by demand fo
February 4, 2021
For value-oriented investors seeking a lower-risk approach to long-term capital appreciation, T. Rowe Price has an active ETF that can satisfy. Launched in August 2020, the
invests at least 80% of its net assets in common stocks, with an emphasis on large-capitalization stocks that have a strong track record of paying dividends or that are believed to be undervalued.
TEQI is an appropriate investment for those in need of a core holding for the equity portion of a portfolio. The fund has a focus on above-average yielding value stocks and seeks to provide a relatively steady source of return through a focus on stocks that generate above‑average historical income and long‑term capital appreciation potential.
T Rowe veteran to step off $97bn Blue Chip Growth fund citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.