T. Rowe has 'significant focused interest' in diversifying

Expect T. Rowe Price Group Inc. to roll out a number of new investment options in different parts of the world. The Baltimore-based money manager over the next five years wants to launch new offerings, CEO William J. Stromberg said Tuesday. T. Rowe (NASDAQ: TROW) last week unveiled a new series of quantitatively managed funds. “I do think there’s a significant, focused interest on diversifying our revenue streams,” Stromberg said. “Our clients’ needs are ever-evolving, so we need to keep up.” The…

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