Despite a strong fourth quarter that saw assets under management and investment fees surge, T. Rowe Price Group Inc. still plans to follow a more conservative strategy than some its peers.

It wants to pursue moderate international growth and has no plans to follow the pack into actively managed exchange-traded funds, James A.C. Kennedy, the money manager’s chief executive officer and president, said in an interview Thursday. “I’d say we don’t have anything phenomenal planned,” he said. “Don’t expect dramatic moves from us. We want to be continuous and not move with fits and starts.”

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