In the Margins

T. Rowe shares fall on cuts to fund fees

April 26, 2017

By Bloomberg

T. Rowe Price Group's share price fell the most in three months after the company said Tuesday that it had cut fees on some of its mutual funds. In a statement, T. Rowe said it “regularly assesses the competitiveness of such fees and will continue to make adjustments as deemed appropriate.” The fee reductions were part of the reason T. Rowe's investment advisory revenue grew more slowly than assets under management, the Baltimore firm said. Read the original story from Bloomberg.