T. Rowe Price rolls out new quantitative funds

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T. Rowe Price Group Inc. said Tuesday it is diversifying its equity fund lineup, announcing the launch of three new funds and the renaming of another in a quantitatively managed series. The move signals an increased interest in an alternative method for picking stocks at Baltimore-based T. Rowe (NASDAQ: TROW). The company’s quantitative management focuses on metrics and trends pulled from companies’ financial statements, using them to try to find outperforming, undervalued stocks. T. Rowe is traditionally…