T. Rowe Price Group has no immediate plans to begin offering active exchange-traded funds, the Baltimore Business Journal reports.

T. Rowe obtained approval from the Securities and Exchange Commission last year allowing it to offer active ETFs, T. Rowe, but the mutual fund giant has no current plans to begin offering this type of investment, said Chairman Edward Bernard, during a shareholder’s meeting.

“We won’t introduce anything unless it has value for our clients,” Bernard said following the meeting.

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