T. Rowe Price: Low Interest Rate Play (Rating Upgrade)
T. Rowe Price(TROW) Seeking Alpha·2024-07-16 12:33
Bonnie Cash/Getty Images NewsInvestment Thesis Last fall, I rated T. Rowe Price (NASDAQ:TROW) as a sell given that their active funds have had consistent underperformance to benchmarks, leading to outflows of Assets Under Management (AUM) as a result. The company has been struggling to counter the underperformance of their major equity funds that led to substantial net outflows. Notable funds such as Blue Chip Growth, Growth Stock, and Mid-Cap Growth have lagged behind their benchmarks over the past thr ...