T. Rowe Price Group has agreed to acquire F/m Investments, a fixed-income asset manager with about $19 billion in assets, in a deal that would add 20 ETFs covering Treasuries, TIPS, corporate bonds and municipal securities. The acquisition would increase T. Rowe Price's fixed-income assets by nearly 9% and more than double its fixed-income ETF assets from around $6.5 billion. The transaction is expected to close in early 2027, though the purchase price has not been disclosed. T. Rowe Price, traditionally known for active investing, gains an established ETF platform and a team experienced in developing fixed-income products.
T. Rowe Price Group IncAcquiring F/m Investments adds $19B in fixed-income ETFs, expanding T. Rowe Price's ETF platform and assets.
Being acquired by T. Rowe Price provides a strategic exit and validates F/m's fixed-income ETF business.
