The deal adds a 20-exchange-traded fund (ETF) fixed income suite and strengthens liquidity and customised solutions.
T. Rowe Price, a Maryland-based global asset management firm, has agreed to acquire F/m Investments, a Washington DC-headquartered fixed income asset manager and ETF provider with approximately US$19 billion in assets under management across ETFs, separately managed accounts (SMAs) and institutional separate accounts as of July. F/m Investments was founded in 2019 and offers a suite of 20 ETFs The transaction is intended to expand T. Rowe Price’s fixed income capabilities, accele