Vanguard taps T. Rowe Price to run portions of key active equity funds

Why it matters

This is a routine asset management operational change involving fund management delegation between established firms, with limited direct impact on credit markets or broader financial conditions.

Sources

• TheStreet

  Vanguard taps T. Rowe Price to run portions of key active equity funds

  Vanguard brought T. Rowe Price Associates on board to manage portions of Vanguard Explorer, Vanguard Growth and Income, and the Vanguard Variable Insurance Fund Small Company Growth Portfolio. It is the first time T. Rowe Price has advised Vanguard, and the three funds together…