Stock Market

T Rowe Price Total Stock Market Index Fund – Legendary Fund Shakeup

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T Rowe Price Total Stock Market Index Fund – Highest Rated?

How do you successfully take over and run a legendary fund with a 60-year track record of excellence? We are about to find out this week in a rare interview with a fund manager who is doing just that.
The fund is the T. Rowe Price New Horizons Fund. The small-cap growth fund has 34 billion dollars in assets and carries a Five-Star, Silver Analyst rating from Morningstar.

Prior to taking over the fund, Spencer established his own record of excellence with the T. Rowe Price Global Technology Fund which he ran from 2012 until early in 2019. During his tenure the fund delivered nearly 22% annualized returns, far outdistancing its benchmark and peer group.
What does New Horizons’ legacy mean to Spencer? How is he changing it? We’ll find out.

WEALTHTRACK #1713 originally broadcast on September 25, 2020.

More info: https://wealthtrack.com/next-generation-great-investor-josh-spencer-on-taking-over-t-rowe-prices-new-horizons-fund/

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15 Comments

  1. Kathleen Onieal
    July 30, 2021 at 7:18 pm

    Consuelo Mack is my hero. A true business journalist who has been one of the best sources of current and valuable investing information. Don’t ever end this series!!!

  2. Rob W
    July 30, 2021 at 7:18 pm

    My favorite fund. I’m lucky to have it because it’s now closed. Have it for 25 years

  3. Sharon Charlup
    July 30, 2021 at 7:18 pm

    I tried buying this fund immediately after the above report only to be told it closed in 2013 and was not available to clients that are investors at TR Price. I feel that the interview was very misleading, giving the impression that the fund was available for purchase. Why was this even discussed when the fund was closed seven years ago?? As a long time investor I am very disappointed with both Ms. Mack and Mr. Spencer for not revealing up to date information concerning New Horizon fund.

  4. Bob Hyde
    July 30, 2021 at 7:18 pm

    Immensely enjoyable and informative show. I learned that this outstanding fund is closed to new investors …. bummer! I wonder what the investment distribution of this fund is in? Retirement investment accounts or taxable accounts?

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    July 30, 2021 at 7:18 pm

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  6. Joyanta Raksmith
    July 30, 2021 at 7:18 pm

    this was an excellent interview

  7. Ray Terrell
    July 30, 2021 at 7:18 pm

    I made a lot of money with the global technology fund and have great respect for Mr. Spencer’s knowledge and opinion. A great interview by Consuelo, good questions but not tooooo many.

  8. Dennis W
    July 30, 2021 at 7:18 pm

    The late Sir John Templeton will always be a legend in my mind along with Peter Lynch. What can I say. I started watching the markets in the 80s

  9. David Kahl
    July 30, 2021 at 7:18 pm

    This is the first mutual fund I had in my portfolio going back over 40 years. It has paid for cars, college tuition and a good amount of the equity in my house and it still is the largest mutual fund in my portfolio even though i have not added money to it in those 40 plus years only skimmed money off of it every few years.

  10. Jakub Adandedjan
    July 30, 2021 at 7:18 pm

    consuelo is milking stock picks

  11. Stephen Doty
    July 30, 2021 at 7:18 pm

    Consuelo: "Sometimes, the look on your face says, 'I'm not wearing pants!'"

  12. Stephen Doty
    July 30, 2021 at 7:18 pm

    13:52 trucking is a "pedestrian industry," get it, especially if you are jaywalking.

  13. Stephen Doty
    July 30, 2021 at 7:18 pm

    T Rowe Price himself, the man, was known and admired for not overstaying his welcome in an area, but pivoting into new areas, such as moving into oil in the '70s while others overstayed the Nifty Fifty.

  14. Chess Dad
    July 30, 2021 at 7:18 pm

    Great show

  15. Brian White
    July 30, 2021 at 7:18 pm

    Always learn something new and valuable through your videos. Thanks!