Press release
T. Rowe Price Launches Its First-Ever Active Exchange-Traded Funds
Trading begins today for four active ETFs listed on NYSE Arca, Inc. BALTIMORE, Aug. 5, 2020 /PRNewswire/ -- T. Rowe Price (NASDAQ-GS: TROW) announced the
About this update from T. Rowe Price Group, Inc.
[{"type":"text","content":"Trading begins today for four active ETFs listed on NYSE Arca, Inc.\n\n\nBALTIMORE, Aug. 5, 2020 /PRNewswire/ -- T. Rowe Price (NASDAQ-GS: TROW) announced the debut of four active exchange-traded funds (ETFs). All four funds are available to the public beginning today. The ETFs, which will be actively managed by T. Rowe Price portfolio managers, include the Blue Chip Growth ETF, the Dividend Growth ETF, the Equity Income ETF, and the Growth Stock ETF. All four are listed on the New York Stock Exchange (NYSE) Arca, Inc.\nConstructed similarly to flagship investment strategies that have served T. Rowe Price clients well for decades, the active ETFs use the same portfolio managers as their corresponding mutual funds and employ the firm's long-standing strategic investing approach, characterized by rigorous research, risk awareness, and independent decision making.\nT. Rowe Price active ETFs complement the firm's traditional mutual fund offerings and deliver the key features associated with existing ETFs that some investors may prefer, including continuous daily trading, real-time market determined pricing, and tax efficiency. Over time, T. Rowe Price plans to deliver a robust ETF product lineup covering investments in various asset classes.\nTHE T. ROWE PRICE ACTIVE ETFs\nT. Rowe Price Blue Chip Growth ETF (Ticker: TCHP)\nSeeks to provide long-term capital growth by investing in common stocks of large and medium-sized blue chip companies that have the potential for above-average earnings growth and are well established. Managed by Larry Puglia, who maintains a 26-year tenure as portfolio manager of the T. Rowe Price Blue Chip Growth Fund. Mr. Puglia has 30 years of total investment experience, 29 of which have been with T. Rowe Price. Net expense ratio is 0.57%.T. Rowe Price Dividend Growth ETF (Ticker: TDVG)\nSeeks dividend income and long-term capital growth by investing the majority of its assets in the common stocks of dividend-paying companies expected to increase their dividends over time. Managed by Thomas Huber, who has 25 years of experience at T. Rowe Price and has been portfolio manager of T. Rowe Price Dividend Growth Fund since 2000. Net expense ratio is 0.50%.T. Rowe Price Equity Income ETF (Ticker: TEQI)\nSeeks high level of dividend income and long-term capital growth by investing most of its assets in common stocks...