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Fund of the Week: T. Rowe Price Media & Telecommunications (PRMTX)

T. Rowe Price company logo
With this week’s announcement that Apple (AAPL) will be launching its own TV service, the communications industry has been taking a hit. Following the announcement, some analysts made bullish comments on Apple’s move, stating that it could change the communications industry.
This week, we have chosen the T. Rowe Price Media & Telecommunications (PRMTX) as our fund of the week.

Inside the Fund

The fund was launched in 1993 and is managed by Paul D. Greene II. Currently, it has about $3.3 billion in assets under management (AUM).

The fund is composed primarily of large and giant sized companies that are based in the Americas and Europe. The largest sectors in the fund include consumer cyclical, communications and technology.

Historical Performance

Largest Holdings

Over 25% of the fund’s portfolio is composed in its top five holdings. The fund is up 3% YTD.

The Bottom Line

As Technology is constantly changing, there are specific funds that could be impacted. With the potential of major changes in the media and communications industry, the T. Rowe Price Media & Telecommunications (PRMTX) may be a good fund to watch.

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Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

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T. Rowe Price company logo

Fund of the Week: T. Rowe Price Media & Telecommunications (PRMTX)

With this week’s announcement that Apple (AAPL) will be launching its own TV service, the communications industry has been taking a hit. Following the announcement, some analysts made bullish comments on Apple’s move, stating that it could change the communications industry.
This week, we have chosen the T. Rowe Price Media & Telecommunications (PRMTX) as our fund of the week.

Inside the Fund

The fund was launched in 1993 and is managed by Paul D. Greene II. Currently, it has about $3.3 billion in assets under management (AUM).

The fund is composed primarily of large and giant sized companies that are based in the Americas and Europe. The largest sectors in the fund include consumer cyclical, communications and technology.

Historical Performance

Largest Holdings

Over 25% of the fund’s portfolio is composed in its top five holdings. The fund is up 3% YTD.

The Bottom Line

As Technology is constantly changing, there are specific funds that could be impacted. With the potential of major changes in the media and communications industry, the T. Rowe Price Media & Telecommunications (PRMTX) may be a good fund to watch.

If you’ve enjoyed this article, sign up for the free MutualFunds.com newsletter; we’ll send you similar content weekly.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next