Press release
T. ROWE PRICE LAUNCHES ITS FIRST TRANSPARENT ACTIVE EQUITY EXCHANGE-TRADED FUNDS
The Capital Appreciation Equity ETF, Growth ETF, International Equity ETF, Small-Mid Cap ETF, and Value ETF offer distinct investment strategies and begin
About this update from T. Rowe Price Group, Inc.
[{"type":"text","content":"The Capital Appreciation Equity ETF, Growth ETF, International Equity ETF, Small-Mid Cap ETF, and Value ETF offer distinct investment strategies and begin trading today\nBALTIMORE, June 15, 2023 /PRNewswire/ -- T. Rowe Price (NASDAQ-GS: TROW), a global investment management firm, announced today the addition of five new active equity exchange-traded funds (ETFs) to its active ETF roster:\nT. Rowe Price Capital Appreciation Equity ETF (TCAF)T. Rowe Price Growth ETF (TGRT)T. Rowe Price International ETF (TOUS)T. Rowe Price Small-Mid Cap ETF (TMSL)T. Rowe Price Value ETF (TVAL)All are available to the public beginning today on NYSE Arca, Inc. The five comprise the debut of fully transparent active equity ETFs from T. Rowe Price.\nThe new ETFs represent building-block strategies that focus on several major elements of the equity market. Each new ETF offers investment approaches that are separate and distinct from existing T. Rowe Price mutual funds and ETFs. The ETFs leverage the firm's world-class fundamental global research platform and its long history of active management expertise.\nThe Capital Appreciation Equity ETF is managed by David Giroux, CFA, head of Investment Strategy and chief investment officer for T. Rowe Price Investment Management (TRPIM) and who manages the U.S. Capital Appreciation Strategy.The additional four ETFs (Growth ETF, International Equity ETF, Small-Mid Cap ETF, and Value ETF) are team-managed with Jodi Love as the lead portfolio manager. Love is vice president and member of the Investment Advisory Committees of the Blue Chip Growth, Diversified Mid-Cap Growth, Global Consumer, Growth Stock, Large-Cap Growth, and Value funds.T. Rowe Price launched its first active ETFs in August 2020, and the newest ETFs expand the firm's total offerings to 15 funds, which include five semi-transparent equity ETFs, five transparent fixed income ETFs, and the five new transparent equity ETFs. This collective lineup of active ETFs complements the firm's traditional mutual fund offerings and delivers key features associated with existing ETFs that some investors may prefer, including competitive pricing, tax efficiency, and the flexibility to buy and sell shares throughout the trading day.\nQUOTETim Coyne, Global Head of Exchange-Traded Funds\"With the new addition of our first transparent active equity ETFs, we've expan...