5 Top-of-the-Line T. Rowe Price Mutual Funds
T. Rowe Price (TROW) employs more than 600 investment professionals who manage nearly $1.1 trillion for investors in 49 countries. But when you visit the Baltimore headquarters, you still get a feel of the firm as a small, collegial group that enjoys working together.
The secret to T. Rowe Price's success, in my view, is its sterling corporate culture. This is a company with character. The average investment pro has 22 years of experience; many remain with T. Rowe for their entire careers. All this - plus the products' above-average long-term returns and below-average expense ratios - makes T. Rowe mutual funds a good choice for investors.
The firm was launched in 1937 by Thomas Rowe Price Jr., who had a novel idea (at the time) that buying growth stocks - those with rising earnings and revenues - could be just as successful as value investing, which was ascendant during the Great Depression that followed the 1929
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