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Share Name | Share Symbol | Market | Type |
---|---|---|---|
T Rowe Price Group Inc | NASDAQ:TROW | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 116.83 | 104.50 | 116.70 | 11 | 09:42:00 |
BALTIMORE, Sept. 23, 2014 /PRNewswire/ --
News
T. Rowe Price (NASDAQ-GS: TROW) has introduced two new mutual funds—one that invests in international stocks and one that invests in noninvestment-grade municipal bonds.
The International Concentrated Equity Fund is available in an Investor Class share (PRCNX) and an Advisor Class share (PRNCX). Each fund share class will build on the established investment process of its similarly named institutional strategy, the Institutional Concentrated International Equity Fund (RPICX).
Additionally, the new Intermediate Tax-Free High Yield Fund, which is available in an Investor Class share (PRIHX) and Advisor Class share (PRAHX), will complement the similarly named, longer-maturity Tax-Free High Yield Fund (PRFHX).
Fund Details—International Concentrated Equity Fund
Fund Details—Intermediate Tax-Free High Yield Fund
Download a prospectus or obtain one by calling 1-800-541-8803. The prospectus includes investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing.
T. Rowe Price Investment Services, Inc., distributor, T. Rowe Price mutual funds.
Quotes
Federico Santilli, portfolio manager of the International Concentrated Equity Fund
"Our investment approach is style-agnostic, which allows us to invest wherever we find the most attractive opportunities in the market. Our role, through rigorous fundamental research and a disciplined process, is to identify superior investment opportunities and exploit pricing anomalies."
James Murphy, portfolio manager of the Intermediate Tax-Free High Yield Fund
"Our steady emphasis on picking sound credits for the long term enables our team to take advantage of market disruptions as they appear—opportunistically. And, while we continue to believe that higher interest rates and healthier economic growth will ultimately come, these conditions should favor patient, research-conscious investors."
About T. Rowe Price
Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is a global investment management organization with $738.4 billion in assets under management as of June 30, 2014. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. For more information, visit troweprice.com, Twitter (twitter.com/troweprice), YouTube (youtube.com/trowepricegroup), LinkedIn (linkedin.com/company/t.-rowe-price), or Facebook (fb.com/troweprice).
SOURCE T. Rowe Price
Copyright 2014 PR Newswire
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