1 Smart Reason to Buy This Dividend Stock Today
T. Rowe Price Group (NASDAQ: TROW) is one of the top asset management firms in the U.S. It has gained market share over the years by excelling in active management, an area that didn't do quite as well in general over the past decade. But its excellent performance against benchmarks enabled it to outperform where many active managers over the past decade struggled.
This decade, it is expanding its active-management prowess into the world of exchange-traded funds (ETFs) with the launch of eight actively managed ETFs since last year, four of them in 2021. So far, only one of the four ETFs with at least a one-year track record -- the T. Rowe Price Equity Income ETF (NYSEMKT: TEQI) -- has beaten its benchmark, but it's too early to get a full picture.
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Source Fool.com
