T. Rowe Price plans series of actively managed ETFs

December 11, 2009

T. Rowe Price Associates plans to launch a series of actively managed exchange-traded funds, or ETFs, according to an application filed with the Securities and Exchange Commission. Unlike traditional ETFs that tracks an index or a specific industry and traded on exchanges throughout the day, Price's ETFs will be managed by its investment professionals. The Baltimore money manager plans to offer ETFs in bonds, domestic stocks and international stocks.

- Hanah Cho

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