As the asset management industry goes through another wave of consolidation brought on by unceasing fee pressure, T. Rowe Price (TROW) has proven to be a relative island of tranquility in a rough sea. Its solid financial position and focus on organic growth, making only judicious use of acquisitions, separate it from many of its peers. However, one of its biggest distinguishing features is its ability to hold onto actively managed assets in the face of a market marching into passive vehicles. The firm has positioned itself well in order to take advantage of emerging industry trends which are likely to intensify in the coming year. The stock’s recent rise will likely continue and should be considered by investors looking to allocate capital to the sector.
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