(Bloomberg) – T. Rowe Price Group Inc., the $ 1.68 trillion fund manager who launched its first exchange-traded fund last year, has added three actively managed bond funds to its lineup.
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The offers extend the company’s list of ETFs to eight funds, Baltimore-based T. Rowe said in a statement on Wednesday.
The move is part of a surge in interest in actively managed ETFs over the past year, as fund managers look to lure investors into new products that seek to beat benchmarks instead of benchmarks. follow the clues. Entries into active ETFs are set to break last year’s record.
“Investors now have access to a wider selection of T. Rowe Price investment strategies in the product format that best suits their needs,” Tim Coyne, head of ETFs at T. Rowe, said in the statement.
The new funds are:
T. Rowe Price QM US Bond ETF (Symbol: TAGG)
T. Rowe Price Total Return ETF (TOTR)
T. Rowe Price Ultra Short Term Bond ETF (TBUX)
T. Rowe manages around $ 415 million in ETF assets, according to a spokesperson, placing the company behind the top ranks of issuers run by BlackRock Inc., which managed around $ 3 trillion in such assets at the end of second trimester.
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