Discipline has brought long‑term rewards for clients.
- Research has shown that active manager performance can be cyclical and that some specific manager characteristics may contribute to long‑term success.
- We reviewed the performance of 18 T. Rowe Price institutional diversified active U.S. equity strategies to quantify the value added by our strategic investing approach.
- We found that the vast majority of our strategies generated positive average excess returns, net of fees, over their benchmarks across multiple time periods.1
- We credit our success to our efforts to go beyond the numbers and get ahead of change, which we believe leads to better decisions and prudent risk management.
Past performance is not a reliable indicator of future performance.
1 Given that the U.S. equity market is generally considered the world’s most efficient, transparent market, we believe it provides a strong test for management skill. See the appendix for additional information on the performance study methodology.
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