The folks at Pimco
and T. Rowe Price
have good cause for some remote or socially distanced celebrating today.
| Mohit Mittal|
Managing Director, Portfolio Manager
Those firms and a pair of their PMs are the winners of the 2020 U.S. Morningstar Awards for Investing Excellence
today by Morningstar's Sarah Bush
(director of manager research for North America) and lauded today and throughout the week on CNBC's
Power Lunch show. Nominees were revealed
a week ago.
| Jerome A. Clark|
T. Rowe Price
Repeat nominee Jerome Clark
, founder of T. Rowe's TDF franchise and outgoing
co-PM of its TDF, won
the "outstanding portfolio manager" award. Mohit Mittal
, managing director and co-PM
of both Pimco Investment Grade Credit Bond
and Pimco Total Return
, landed the "rising talent" award. And T. Rowe as a firm won the "exemplary stewardship" award.
These are M*'s second annual
U.S. Awards for Investing Excellence. Last year the M* team rebooted
their longstanding Fund Manager of the Year Awards
in the U.S., transforming them into the Awards for Investing Excellence.
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