Press release
T. Rowe Price Adds Retirement Blend Funds To Target Date Lineup
New target date fund series brings approach that combines active and passive management to wider audience BALTIMORE, July 28, 2021 /PRNewswire/ -- NEWS T.
About this update from T. Rowe Price Group, Inc.
[{"type":"text","content":"New target date fund series brings approach that combines active and passive management to wider audience\n\n\nBALTIMORE, July 28, 2021 /PRNewswire/ --\nNEWS\nT. Rowe Price Group, Inc. (NASDAQ-GS: TROW), a market leader in retirement and target date investing and the only target date manager with a \"High\" rating on Morningstar's predictive pillars of People, Process, and Parenti, today announced the launch of its Retirement Blend Fund series, expanding the firm's target date lineup and its range of solutions to help investors achieve their retirement goals.\n\"We understand everyone's path to retirement is different and are pleased to deliver greater choice to the target date marketplace through the new Retirement Blend Funds,\" said Wyatt Lee, portfolio manager and head of Target Date Strategies, Multi-Asset. \"This launch comes from a position of strength, given our competitive success in target date investing over the long term. As long-established leaders in retirement and target date investing, we have tremendous conviction in our approach and are excited to further extend our offering to retirement investors, plan sponsors, and advisors.\" \nT. Rowe Price Retirement Blend Funds – Details\nThe Retirement Blend Funds' underlying investments are a mix of active and passive investment strategies, allowing the opportunity for excess return and potentially greater diversification in certain market sectors typically associated with active management while also providing the market exposure and reduced costs associated with passive management. The Retirement Blend Fund series is designed for investors who prefer a single, simplified, professionally managed solution for retirement investing and who want an approach that marries the benefits of active and passive investment styles, including placing a greater emphasis on managing overall cost. The Retirement Blend strategy has been in place at T. Rowe Price since 2018 but it was previously available only in the collective investment trust format. This mutual fund series extends the firm's Retirement Blend approach to a wider range of investors for whom a mutual fund is the preferred or most appropriate vehicle. The Retirement Blend Funds use the enhanced glide path and the same diversification and tactical asset allocation as T. Rowe Price's existing Retirement series of target da...