T. Rowe Price Adds Go-Anywhere Active Bond ETF

Core Insights - T. Rowe Price has launched four new active fixed income ETFs, expanding its active ETF suite to a total of 28 funds [1][4] - The new offerings include three tax-free ETFs and one "go-anywhere" active bond ETF, aimed at providing investors with greater flexibility and performance potential [1][4] - The T. Rowe Price Multi-Sector Income ETF (TMSF) will invest across a diverse global fixed income landscape, including various countries, currencies, and credit sectors [2][3] Company Developments - TMSF features a team of co-portfolio managers, including Kenneth Orchard, Vincent Chung, Adam Marden, and Jeanny Silva, and charges a fee of 37 basis points for its active management approach [2] - The demand for actively managed fixed income ETFs has been increasing, with advisors seeking expert guidance to navigate the bond market [2][4] - T. Rowe Price's expanded lineup of active bond ETFs is expected to support advisors and meet the growing market demand [2][4] Industry Trends - The active bond ETF market is becoming increasingly competitive, with TMSF's flexible investment strategy distinguishing it from passive bond funds [3][4] - The proliferation of active ETF products has contributed to a rise in overall ETF launches, with fixed income ETFs being a significant growth area [4] - Active bond ETFs are seen as an attractive option for investors looking to refresh their bond holdings in a changing market environment [4]