Driven by tech giants like Amazon, Apple, Alphabet and Facebook, a dozen T. Rowe Price Group portfolio managers beat the S&P 500 in 2017. The total is twice the number of portfolio managers that beat the closely watched index last year. Across the board, Baltimore-based T. Rowe Price’s mutual funds posted gains, but the biggest returns came from those invested in so-called “FAANG” stocks — Facebook, Amazon, Apple, Netflix and Alphabet’s Google. In a year when the stock market set records, the…
from https://www.bizjournals.com/baltimore/news/2018/02/07/t-rowe-price-mutual-funds-s-p-500-2017.html?ana=RSS&s=article_search
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