T. Rowe’s $1 Trillion Answer to Claims Stock-Picking Is Dead
- Firm’s retirement business helped boost revenue and assets
- Narrow focus comes with trade-offs, like missing passive shift
Photographer: jxfzsy/iStockphoto via Getty Images
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Stock pickers may be under siege after decades of ruling Wall Street, but not every old-school champion of active mutual funds is losing ground to cheaper rivals tracking indexes.
T. Rowe Price Group Inc. is one of the rare winners.