Updated Thursday, July 24, 2014 as of 8:59 AM ET
Portfolio - ETFs
T. Rowe to Debut Active ETFs
by: Irene Park
Tuesday, January 15, 2013
Print
Email
Reprints

The Securities and Exchange Commission has granted T. Rowe Price exemptive relief to issue actively managed ETFs, according to Morningstar reports.

But the SEC ruling, which occurred during the first week of January, has been a long time coming. The Baltimore-based company originally filed for exemptive relief on Dec. 4, 2009, amending the application on Feb. 26 and Dec. 30 in 2010, and on May 7, Sept. 24, and Dec. 4 in 2012. 

Last month's update revealed that the first active ETF T. Rowe plans on offering will be T. Rowe Price Diversified Bond ETF. It will seek positive total returns with an emphasis on income. A spokesman for the firm was not immediately available to comment on the new fund.

According to Morningstar, T. Rowe's not the only company to win exemptive relief to issue active ETFs, including Eaton Vance, Federated Investors, Legg Mason and Northern Trust. None of these companies have issued their active ETFs just yet, although Northern Trust currently issues passively managed funds.

Get access to this article and thousands more...

All Bank Investment Consultant articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.

Already Registered?

Lists
2014 Summer Reading List for Advisors

Current Issue

The July Issue is now online!


TWITTER
FACEBOOK
LINKEDIN

Industry Events

August 10, 2014 |

September 9, 2014 |

September 17, 2014 |

September 20, 2014 |

September 28, 2014 |

Already a subscriber? Log in here