Net inflows in 2017 represent a turnaround for T Rowe's international business, which suffered redemptions in 2016

The non-US business of Baltimore-based asset manager T Rowe Price posted a 39% increase in profits last year, driven by investor demand for its stock-pickers.

According to a filing with Companies House in the UK, T Rowe Price International recorded net profits of $71.9m for 2017, up from $51.6m the previous year.

T Rowe Price buoyed by international profit surge

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