T Rowe Price in exclusive distribution deal in Finland

T Rowe Price, the Baltimore-based fund manager, has reached an exclusive distribution agreement with Tapiola Asset Management, the asset management arm of a Finnish insurer.

Tapiola will be distributing four T Rowe Price funds on the Finnish market, to be added to Tapiola's own 12 funds. Tapiola's exclusive agreement is unusual in the Nordic market where domestic companies tend to seek agreements with several players.

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