T. ROWE PRICE TARGETS TECHNOLOGY WITH THE LAUNCH OF ITS FIRST THEMATIC EXCHANGE-TRADED FUND
T. Rowe Price has launched its first thematic actively managed ETF, the T. Rowe Price Technology ETF (TTEQ), which began trading on NASDAQ. The ETF focuses on the technology sector with a portfolio of 40-50 high-conviction investments in innovative and fast-growing tech subsectors. Managed by Dominic Rizzo, who oversees the $9.4 billion Global Technology Equity strategy, TTEQ invests at least 80% of its assets in tech companies. The ETF has a net expense ratio of 0.63% and expands T. Rowe Price's active ETF lineup to 17 funds. This new offering combines the firm's active management expertise with ETF benefits like tax efficiency and intraday trading flexibility.
T. Rowe Price ha lanciato il suo primo ETF tematico gestito attivamente, il T. Rowe Price Technology ETF (TTEQ), che ha iniziato a essere scambiato su NASDAQ. L'ETF si concentra sul settore tecnologico con un portafoglio di investimenti ad alta convinzione composto da 40-50 aziende innovative e in rapida crescita nei sottosettori tecnologici. Gestito da Dominic Rizzo, che supervisiona la strategia di equity globale nel settore tecnologia da 9,4 miliardi di dollari, TTEQ investe almeno l'80% delle sue attività in aziende tecnologiche. L'ETF ha un rapporto di spese nette dello 0,63% e amplia l'offerta di ETF attivi di T. Rowe Price a 17 fondi. Questa nuova offerta unisce l'expertise di gestione attiva dell'azienda ai vantaggi degli ETF, come l'efficienza fiscale e la flessibilità nel trading intraday.
T. Rowe Price ha lanzado su primer ETF temático gestionado activamente, el T. Rowe Price Technology ETF (TTEQ), que comenzó a cotizar en NASDAQ. El ETF se enfoca en el sector tecnológico con un portafolio de 40-50 inversiones de alta convicción en subsectoras tecnológicas innovadoras y de rápido crecimiento. Gestionado por Dominic Rizzo, quien supervisa la estrategia de equity en tecnología global de 9.400 millones de dólares, TTEQ invierte al menos el 80% de sus activos en empresas tecnológicas. El ETF tiene un ratio de gastos netos del 0,63% y amplía la línea de ETFs activos de T. Rowe Price a 17 fondos. Esta nueva oferta combina la experiencia en gestión activa de la firma con los beneficios de los ETF, como la eficiencia fiscal y la flexibilidad en el trading intradía.
T. Rowe Price는 첫 번째 테마별 적극적 관리 ETF인 T. Rowe Price Technology ETF (TTEQ)를 출시하여 NASDAQ에서 거래를 시작했습니다. 이 ETF는 기술 부문에 중점을 두고 40-50개의 혁신적이고 빠르게 성장하는 기술 하위 섹터에 대한 높은 확신의 투자 포트폴리오를 가지고 있습니다. 9.4억 달러 규모의 글로벌 기술 주식 전략을 감독하고 있는 Dominic Rizzo에 의해 관리되며, TTEQ는 최소 80%의 자산을 기술 기업에 투자합니다. 이 ETF의 순 경비 비율은 0.63%이며, T. Rowe Price의 적극적 ETF 라인업을 17개 펀드로 확장합니다. 이 새로운 제품은 회사의 적극적 관리 전문성과 ETF의 세금 효율성 및 장중 거래 유연성 같은 장점을 결합합니다.
T. Rowe Price a lancé son premier ETF thématique géré activement, le T. Rowe Price Technology ETF (TTEQ), qui a commencé à être négocié sur NASDAQ. L'ETF se concentre sur le secteur technologique avec un portefeuille de 40 à 50 investissements de haute conviction dans des sous-secteurs technologiques innovants et à forte croissance. Géré par Dominic Rizzo, qui supervise la stratégie d'actions technologiques mondiales de 9,4 milliards de dollars, le TTEQ investit au moins 80% de ses actifs dans des entreprises technologiques. L'ETF a un ratio de dépenses nettes de 0,63% et étend l'offre d'ETF actifs de T. Rowe Price à 17 fonds. Cette nouvelle offre allie l'expertise en gestion active de la société aux avantages des ETF, tels que l'efficacité fiscale et la flexibilité de négociation intra-journalière.
T. Rowe Price hat seinen ersten thematischen aktiv verwalteten ETF, den T. Rowe Price Technology ETF (TTEQ), ins Leben gerufen, der auf NASDAQ gehandelt wird. Der ETF konzentriert sich auf den Technologiesektor mit einem Portfolio von 40-50 hochüberzeugenden Investitionen in innovative und schnell wachsende Technologiesubsektoren. Verwaltet von Dominic Rizzo, der die 9,4 Milliarden Dollar schwere globale Technologie-Aktienstrategie überwacht, investiert TTEQ mindestens 80% seines Vermögens in Technologieunternehmen. Der ETF hat eine Nettoaufwandsquote von 0,63% und erweitert das aktive ETF-Angebot von T. Rowe Price auf 17 Fonds. Dieses neue Angebot kombiniert die Expertise der aktiven Verwaltung des Unternehmens mit den Vorteilen von ETFs, wie steuerlicher Effizienz und Flexibilität beim Intraday-Handel.
- Launch of new thematic ETF expands product offerings and revenue streams
- Leverages existing expertise in technology sector with $9.4B AUM in related strategy
- Competitive expense ratio of 0.63% for an actively managed ETF
- None.
Insights
The launch of TTEQ represents a strategic expansion for T. Rowe Price, marking their entry into thematic ETFs with a focus on the high-growth technology sector. With
The concentrated portfolio of 40-50 holdings suggests a high-conviction approach, which could lead to higher volatility but also potential outperformance. The ETF's global mandate and focus on mission-critical technologies provides diversification benefits beyond traditional U.S.-centric tech funds. For T. Rowe Price (TROW), this launch enhances their ETF lineup and could attract new assets in the growing thematic ETF market segment.
T. Rowe Price Technology ETF (TTEQ) began trading on NASDAQ today
The T. Rowe Price Technology ETF focuses on the technology sector, applying an active and opportunistic approach to a global technology universe. With a portfolio of 40-50 high-conviction investments, the ETF centers on the most innovative and fastest-growing subsectors of the market that are powered by technology over a full market cycle.
T. Rowe Price Technology ETF is managed by Dominic Rizzo, who has ten years of investment expertise at T. Rowe Price and serves as the portfolio manager of the Global Technology Equity strategy, which has assets under management that total
T. Rowe Price Technology ETF (Ticker: TTEQ)
- Seeks to provide long-term capital growth, investing at least
80% of its net assets in securities of companies it expects to generate a majority of their revenue from technology or those whose competitive edge and/or market share are largely based on their technology capabilities. - Net expense ratio is
0.63%
T. Rowe Price introduced its first active ETFs in August 2020, and today's launch expands the firm's active ETF lineup to 17, including five semi-transparent ETFs, six transparent fixed income ETFs and six transparent equity ETFs. The active ETFs complement the firm's traditional mutual fund offerings and deliver key features associated with ETFs that some investors may prefer, such as tax efficiency, more competitive expense ratios, and the flexibility to buy and sell shares throughout the trading day.
QUOTES
Dominic Rizzo, CFA®, Portfolio Manager
"Leveraging our deep industry expertise and commitment to rigorous research, TTEQ targets mission-critical, linchpin technologies from companies innovating in secular growth markets. We look to navigate different market environments responsibly by tactically allocating to these enduring technology companies when they exhibit improving fundamentals and are trading at reasonable valuations. In a rapidly advancing technology landscape, we believe this strategy offers an appealing option to investors who favor the ETF format and are seeking to invest in attractive opportunities globally."
Tim Coyne, Global Head of Exchange-Traded Funds
"The launch of the Technology ETF underscores our commitment to providing innovative offerings that meet our clients' evolving needs in the ETF wrapper. As our ETF roster grows, our expansion into thematic offerings enables investors to tap into specific sectors and trends, like technology, and access the best of our active management expertise paired with the benefits of the ETF vehicle."
ABOUT T. ROWE PRICE
Founded in 1937, T. Rowe Price (NASDAQ – GS: TROW) helps individuals and institutions around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Clients rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price serves millions of clients globally and manages US
Consider the investment objectives, risks, and charges and expenses carefully before investing. For a prospectus or, if available, a summary prospectus containing this and other information visit troweprice.com. Read it carefully.
ETFs are bought and sold at market prices, not NAV. Investors generally incur the cost of the spread between the prices at which shares are bought and sold. Buying and selling shares may result in brokerage commissions which will reduce returns.
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SOURCE T. Rowe Price Group
FAQ
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