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Are there any concerns that Mr. Giroux might be spread too thin?
Sure I have a concern, plus he's been there a long time and could be considering promotion or retirement at some point. So I watch my PRWCX and would have no problem reducing to a toehold if necessary.
That said, I don't like how they're trying to capitalize on the 'Capital Appreciation' moniker. I get why TRowe would do it, but at times it does make me a bit uncomfortable seeing ithem expand the 'brand' like this.
In my honest opinion, it may has passed that point already. TRP analyst support cannot be under-estimated as PRWCX continues to lead in the allocation fund category. Giroux is well aware the overvaluation issue, yet he maintains the tech exposure and balances that with health care and utility. Wish he discuss more on the bond exposure.
TCAL is an interesting vehicle as @WACBC noted, but does TRP has the experience in writing options for individual securities. I will wait and see.
Edit:. We broadened our allocation funds to FPACX and FPAG from Giroux’s team. Their investment universe does not overlap much and the approaches are sufficient different. Despite the good performance of FPAG, the low daily trading volume poses challenging in trading.
given giroux help structure the trp org split, and heads half, i doubt he is leaving. but that is also the primary reason he has less time for individual stocks, not the 'cap app' expansion.
Comments
That said, I don't like how they're trying to capitalize on the 'Capital Appreciation' moniker. I get why TRowe would do it, but at times it does make me a bit uncomfortable seeing ithem expand the 'brand' like this.
TCAL is an interesting vehicle as @WACBC noted, but does TRP has the experience in writing options for individual securities. I will wait and see.
Edit:. We broadened our allocation funds to FPACX and FPAG from Giroux’s team. Their investment universe does not overlap much and the approaches are sufficient different. Despite the good performance of FPAG, the low daily trading volume poses challenging in trading.
DODBX is another consideration.
given giroux help structure the trp org split, and heads half, i doubt he is leaving.
but that is also the primary reason he has less time for individual stocks, not the 'cap app' expansion.