Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact email@example.com.
SOURCE T. Rowe Price
New Mutual Fund Invests in a Variety of Credit-Related Instruments Across the Corporate Capital Structure
BALTIMORE, May 7, 2014 /PRNewswire/ -- T. Rowe Price (NASDAQ-GS: TROW) has launched the Credit Opportunities Fund (PRCPX), building on the well-established investment process of its high yield franchise. With $26.6 billion in high yield assets under management as of March 31, 2014, the firm has managed high yield portfolios through numerous market cycles and challenging environments.
The evolution and increasing complexity of capital markets has created opportunities in credit that extend beyond traditional fixed rate bonds. The new fund will have few constraints, allowing it to take advantage of an array of credit instruments that offer compelling risk/return trade-offs. It will take a total return approach that balances capital appreciation and income.
Download a prospectus or obtain one by calling 1-800-541-8803. The prospectus includes investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing.
T. Rowe Price Investment Services, Inc., distributor, T. Rowe Price mutual funds.
Paul Karpers, CFA, portfolio manager
"The Credit Opportunities Fund was designed on the premise that credit markets have grown increasingly large and complex, and the best way to capture opportunities is through a less-constrained approach that's not arbitrarily limited by security type or benchmark considerations.
"For years, our high yield strategies have incorporated a range of instruments-including loans, equities, and credit default swaps-in seeking to provide high current income for investors. The new fund takes this a step further, with greater latitude to pursue capital appreciation and income-oriented ideas across the full range of fixed income opportunities-bringing together the breadth of our research insights to offer what we believe to be the best of what we do in credit-themed investing."
About T. Rowe Price
Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is a global investment management organization with $711.4 billion in assets under management as of March 31, 2014. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. For more information, visit troweprice.com, Twitter (twitter.com/troweprice), YouTube (youtube.com/trowepricegroup), LinkedIn (linkedin.com/company/t.-rowe-price), or Facebook (fb.com/troweprice).
©2012 PR Newswire. All Rights Reserved.