MutualFundWire.com: T. Rowe Buys Into the Sub-Continent
MutualFundWire.com
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Thursday, October 1, 2009

T. Rowe Buys Into the Sub-Continent


T. Rowe Price is trying its luck in India. Reuters reports that the asset manager is shelling out between $125 million and $135 million for a 26 percent stake in the oldest mutual fund firm in India, UTI Asset Management.

The move may not surprise fundsters. On December 30 the Wall Street Journal reported that T. Rowe was one of the bidders for just such a stake in UTI.


Printed from: MFWire.com/story.asp?s=22806

Copyright 2009, InvestmentWires, Inc.
All Rights Reserved
Back to Top