Vanguard Appoints T. Rowe Price as Advisor for Active Equity Funds
Vanguard announced it has appointed T. Rowe Price as an investment advisor for three active equity funds, effective June 29. T. Rowe Price, known for its stock-picking expertise, will oversee a portion of each fund's portfolio.
Vanguard has appointed T. Rowe Price as an investment advisor for three active equity funds, effective June 29, 2026. T. Rowe Price, known for its stock-picking expertise, will oversee a portion of each fund's portfolio.
Affected Funds
The funds that will involve T. Rowe Price as an advisor include:
- Vanguard Variable Insurance Fund—Small Company Growth Portfolio
- Vanguard Growth and Income Fund
Details of the Collaboration
Vanguard did not disclose the percentage of the portfolio to be managed by T. Rowe Price, nor any additional fees. The move aims to enhance fund performance by leveraging T. Rowe Price's stock selection expertise.
Context
The announcement comes amid increasing competition in the ETF space, as noted by Barron's, with investors gaining broader and cheaper options for trading the Nasdaq 100. However, this news pertains to actively managed funds, not index funds.
What This Means for Investors
The collaboration reflects a growing trend of outsourcing active portfolio management to specialized firms. For investors, this could potentially lead to improved performance, but fees and costs associated with the change should be monitored.
Frequently Asked Questions
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