Vanguard Adds T. Rowe Price as Advisor to Three Active Equity Funds

Management
โดย PR Newswire·Read original
Summary · why it matters

Vanguard has added T. Rowe Price Associates as an advisor to three active equity funds: Vanguard Explorer Fund, Vanguard Variable Insurance Fund - Small Company Growth Portfolio, and Vanguard Growth and Income Fund. T. Rowe Price will manage portions of these funds using distinct strategies, with a small- and mid-cap growth approach for the first two and a fundamental stock selection strategy for the Growth and Income Fund. As part of the changes, ArrowMark Colorado Holdings and Los Angeles Capital Management will no longer advise certain funds, and expense ratios are expected to rise slightly for two of the funds, with no change for Explorer Fund. The funds' investment objectives and principal strategies remain unchanged.

Impact on stocks 1

Financials▲ · 1 stocks
T. Rowe Price Group Inc
TROW
▲ PositiveCapitalrelevance

T. Rowe Price appointed as advisor to three Vanguard funds, generating new fee revenue.

Off-coverage companies 3

ArrowMark Colorado HoldingsPrivate▼ Negative
Capitalrelevance

ArrowMark Colorado Holdings will no longer advise certain funds, losing business.

Los Angeles Capital Management LLCPrivate▼ Negative
Capitalrelevance

Los Angeles Capital Management will no longer advise certain funds, losing business.

The Vanguard Group, Inc.Private± Mixed
Capitalrelevance

Vanguard adds advisor but expense ratios rise slightly for two funds; overall impact unclear.

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