Core Insights - Foreign equities have shown significant performance amidst challenges like tariff issues and a declining dollar, providing diversification and substantial returns for investors [1] - The T. Rowe Price International Equity Research ETF (TIER) launched in June with a focus on differentiating itself from other foreign equities ETFs through an active investment strategy [2] Fund Performance and Strategy - TIER charges a competitive fee of 38 basis points and has achieved a return of 11.7% since its inception according to YCharts data [3] - The ETF's portfolio mirrors the geographical and sector exposures of the MSCI ACWI (ex USA) Index, but utilizes T. Rowe Price's fundamental research to enhance its allocations and aims to outperform the index through rigorous security analysis [4] Active Management Advantages - The active management approach of TIER allows it to adapt to macro trends and events, which is particularly beneficial in foreign markets where information access may be limited [5] - The unique bottom-up process of TIER positions it well for future opportunities in foreign markets, especially as the landscape may require more detailed analysis to identify potential investments [6]

Core Insights - T. Rowe Price has launched two new active transparent equity ETFs: T. Rowe Price Global Equity ETF (TGLB) and T. Rowe Price International Equity Research ETF (TIER), which began trading on NYSE Arca [1][2] Fund Details - TGLB focuses on global developed markets, aiming for a concentrated portfolio of 45-60 high conviction investments, maintaining geographic exposures similar to the MSCI World Index [3] - TIER employs fundamental research to create a diversified portfolio of 300-500 securities, aligning with the MSCI All Country World ex USA Index, covering both developed and emerging markets outside the U.S. [4] Management and Strategy - TGLB is managed by Peter Bates, who has 21 years of experience at T. Rowe Price, while TIER is co-managed by a team of six investment professionals [4][5] - The new ETFs are part of T. Rowe Price's strategy to enhance access to international investing options and leverage its global equities research capabilities [5] Company Overview - T. Rowe Price manages $1.62 trillion in client assets as of May 31, 2025, with a significant portion related to retirement [6] - The firm has a long-standing reputation for investment excellence and independent proprietary research, emphasizing a culture of integrity and client interests [6]