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Stock impact report

T Rowe Price eyes Japan expansion, is long-term bull on Nikkei [MSN Money]

T. Rowe Price Group, Inc. (TROW) 
Last t. rowe price group, inc. earnings: 4/28 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: trow.client.shareholder.com
Company Research Source: MSN Money
© Bloomberg    (Bloomberg) -- T Rowe Price Group Inc. plans to beef up its operations in the Japanese market. The U.S. money manager, which oversees more than $1 trillion globally, plans to increase the size of its Japan team to about 70 people in three years from its current level of more than 40 people, Naoyuki Honda, president and chief executive officer of the firm’s Japan unit, said in an interview in Tokyo. For example, the company plans to recruit what it calls portfolio specialists, a role between fund manager and sales person, around the start of next year, he said. Load Error T Rowe Price has a positive outlook for Japanese equities in the longer term, Archibald Ciganer, co-head of Japanese equity and portfolio manager, said in the interview. He says the country’s stock market is now ripe for stock pickers such as his firm. Ciganer oversaw about $2.2 billion in Japanese stocks at the end of June, while T Rowe Price managed about $19.1 billion in th Show less Read more
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