T. Rowe Price Launches Blue Bond Fund Backed by Walmart Heir
The T. Rowe Price Group Inc. headquarters in Baltimore, US. T. Rowe Price Group Inc. has secured financing from Walmart Inc. heir Lukas Walton’s impact platform for a new corporate bond fund, which will support investments in themes including water security and marine protection in emerging markets. The goal is to bring in as much as $500 million for the new strategy, according to Samy Muaddi, head of emerging markets fixed income at the Baltimore, Maryland-based asset manager. Builders Vision, an impact ...