The funds will cover a broad range of sectors, including bonds, U.S. stocks and international stocks. “We want to explore ETFs for existing and prospective clients who may want to access our investment expertise through such a vehicle,” said T. Rowe spokeswoman Heather McDonald. “We see them as another potential vehicle for the delivery of our investment management services.”
To date, there are an estimated 13 actively managed ETFs with combined assets of $83 million, a mere drop in the $739 billion ETF bucket totaling 802 funds, according to data from