T Rowe's quarterly profit beats estimates on tailwinds from market rally

Explore stories from Atlantic Canada.

- T Rowe Price's first-quarter profit beat expectations as an upswing in markets boosted its assets under management and softened the hit from outflows, it said on Friday.

At the end of the quarter, T Rowe's AUM was $1.54 trillion, 15% higher than last year, despite $8 billion of net outflows. Active managers like T Rowe buy and sell investments more frequently compared to passive fund managers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SaltWire Network /  🏆 45. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'The K-12 public education system in Newfoundland and Labrador is in triage mode': NLTAExplore stories from Atlantic Canada.
Read more »

MARTHA MUZYCHKA: The takeaways from Princess Kate's cancer announcementExplore stories from Atlantic Canada.
Read more »

LETTER: 'Peace memorial’ more apt term for Cape Breton national park proposalExplore stories from Atlantic Canada.
Read more »

LETTER: Present Conservative party leader could learn much from Brian MulroneyExplore stories from Atlantic Canada.
Read more »

LETTER: Cape Breton Post cancer series a reminder to test for radonExplore stories from Atlantic Canada.
Read more »

ROSEMARY GODIN: Hope is all around us this weekExplore stories from Atlantic Canada.
Read more »