The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Tuesday, November 01, 2022|
A $1.23T-AUM Firm Adds Its Ninth ETF
The folks at a $1.23-trillion-AUM (as of September 30), publicly traded mutual fund firm are rolling out their ninth ETF since entering the space two years ago. The new fund is also the firm's fourth actively managed fixed income ETF since entering the fixed income ETF space last year.
Loome serves as the new fund's PM. T. Rowe Price Associates, Inc. is the investment advisor, T. Rowe Price Investment Management, Inc. is the subadvisor, and T. Rowe Price Investment Services, Inc. is the distributor.
"The U.S. High Yield EF is guided by our experienced team of high yield professionals, the core of which has worked together for over 15 years and managed through multiple market cycles," Loome states. "We look forward to delivering our active, flexible, and concentrated investment approach in the ETF format so that clients who prefer ETFs can seek to benefit from our best ideas."
"We continue to grow our capabilities and equip investors with an even greater range of compelling strategies in the ETF format," Coyne states.
The new fund's other service providers include: BNY Mellon for fund accounting and middle office; PricewaterhouseCoopers LLP as independent accounting firm; State Street Bank and Trust Company as custodian and securities lending agent; and Willkie Farr & Gallagher LLP as counsel.
Printed from: MFWire.com/story.asp?s=65082
Copyright 2022, InvestmentWires, Inc.
All Rights Reserved