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Article: Several T. Rowe Price Stock Funds Set Performance Records in '99, But Managers Say Investors Should Lower Expectations for 2000.
- Article from:
- PR Newswire
- Article date:
- January 10, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BALTIMORE, Jan. 10 /PRNewswire/ -- For the first time in T. Rowe Price's (Nasdaq: TROW) nearly 50-year history of managing mutual funds, several of the firm's equity funds achieved total returns of 100% or better in 1999, which was also a record year for the company's stock fund sales.
Reflecting the strong performance of technology stocks and several international markets, these funds more than doubled in value: T. Rowe Price International Discovery (foreign small company stocks), up 155%; T. Rowe Price Japan, 112.7%; and T. Rowe Price Science & Technology, 101%. In addition, the T. Rowe Price New Asia Fund had a total return of 99.9% last year and the Media & ...