Market Chatter: T. Rowe Price's New Bond Fund Backed by Walmart Heir
MT Newswires Live
Sep 15
T. Rowe Price (TROW) has secured financing for a new corporate bond fund from Walmart (WMT) heir Lukas Walton's Builders Vision impact platform, Bloomberg reported Monday.
Builders Vision and Xylem (XYL), a water technology company, are among early investors, contributing a combined $200 million, the report said.
T. Rowe Price is targeting as much as $500 million to support investments in water security and marine protection in emerging markets, according to the report.
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