T. Rowe Price's Billion-Dollar Backstop
The whims of the market play a huge role in T. Rowe Price Group's (NASDAQ: TROW) financial results. That's just the norm for this asset manager, and it is prepared to weather even the harshest of bear markets.
The long-term goal when times are tough (i.e., to muddle through) is always the same, however, as the next bull market invariably leads to a business upturn. Here's how well T. Rowe Price is prepared for adversity today.
T. Rowe Price is an asset manager, offering mutual funds and other products to investors. It charges fees to its customers in exchange for its investment services. Although the investment products might be different and even complex, it is the total dollar figure of assets under management (AUM) that shareholders watch as they judge the company's results.
Source Fool.com
