$TROW

Global ETF inflows reached $150 billion in August, nearing a record $1.4 trillion year-to-date. T. Rowe Price acquired F/M Investments, adding fixed income capabilities. Victory Capital acquired First Eagle, creating a $571 billion asset manager. VettaFi acquired RAFI Indexing, expanding smart-beta offerings. Northern Trust rebranded FlexShares ETFs under its main brand. Corgi hired Jeff Weniger as CIO, continuing its thematic ETF expansion.

T. Rowe Price (TROW) will acquire F/m Investments, a fixed income asset manager with $19B in AUM. The deal aims to expand T. Rowe Price’s fixed income and ETF offerings, increasing its fixed income AUM by 9%. F/m’s leadership and brand will be retained. The transaction is expected to close in early 2027.

Investors are increasingly favoring active ETFs, with $466.8 billion in inflows YTD, up from $263 billion in 2025. BlackRock (BLK), JPMorgan (JPM), and T. Rowe Price (TROW) are key players, with BlackRock managing $3.6 trillion in active assets. Franklin Templeton (BEN) has seen a 42.2% YTD stock increase due to its ETF pivot.

T. Rowe Price (TROW) is acquiring F/m Investments, a fixed-income manager with $19B in AUM. The deal will more than double TROW's fixed-income ETF assets and increase its overall fixed-income AUM by 9%. F/m operates 20 ETFs, including the F/m Accumulator Ultrashort Treasury Fund (SGVA) and the F/m Ultrashort Tax-Free Municipal ETF (ZMUN). The acquisition is expected to close in early 2027.

T. Rowe Price (TROW) will acquire F/m Investments, a fixed income asset manager with $19B in AUM, to expand its ETF and SMA capabilities. The deal, expected to close in early 2027, will increase T. Rowe Price's fixed income AUM by 9% and more than double its fixed income ETF AUM. F/m's leadership and brand will be retained.

T. Rowe Price’s OHA Select Private Credit Fund (OCREDIT) reported Q2 results. Net investment income was $0.61 per share, covering a $0.60 quarterly distribution, but NAV fell to $25.96 from $26.15 at March 31 and $26.89 at year-end 2025. Fair value rose to $3.10B. The fund issued $400M notes due 2031 at 6.50% fixed.

T. Rowe Price (NASDAQ:TROW) reported Q2 2026 AUM of $1.89T, up 10.7% from March 31, driven by market appreciation, but net client outflows were $6.5B. Adjusted diluted EPS was $2.57 and adjusted net revenue $1.9B. Management guided full-year adjusted operating expenses growth of 4% to 7% and said net flows may be harder in H2.

T. Rowe Price OHA Select Private Credit Fund (OCREDIT) reported Q2 2026 results for the quarter ended June 30, 2026 and declared total distributions of $0.60 per share, an annualized rate of 9.2%. Net investment income per share was $0.61, NAV per share was $25.96, and the $3.1B portfolio grew with 7 new portfolio companies.

T. Rowe Price (TROW) said it will expand its AI efforts with leadership changes across key business units. The firm plans to broaden work by its Investment AI Solutions team on AI tools, research, education, and partnerships, as it seeks wider AI adoption across the company.

T. Rowe Price Group reported July 31 AUM of $1.87 trillion, down from $1.89 trillion at June end, with net outflows of $8.2 billion. Equity AUM fell to $896 billion, fixed income was $222 billion, multi-asset declined to $687 billion, and alternatives were $62 billion. Target date portfolios were $620 billion. About two-thirds of client assets are retirement-related.