T. Rowe Price Group Inc. is weighing its options as the asset manager grapples with the impact of economic sanctions on Russia after the country’s invasion of Ukraine. Baltimore-based T. Rowe Price (NASDAQ: TROW) has about $615.6 million in assets under management exposed to Russia as of Jan. 31, according to publicly available data about the company’s mutual funds. The company’s exposure to Russia comes through four mutual funds that invest in emerging markets, including one focused on Eastern Europe
What will T. Rowe Price do with hundreds of millions in assets exposed to Russia?
March 2, 2022