Bringing you live news and features since 2006 

T Rowe Price appoints State Street as service provider for active ETFs

RELATED TOPICS​

State Street Corporation has been appointed the ETF service provider for four newly-launched T Rowe Price active exchange-traded funds (ETFs), which launched today. The funds, which are listed on NYSE Arca, are T Rowe Price Blue Chip Growth ETF (TCHP), T Rowe Price Dividend Growth ETF (TDVG), T Rowe Price Equity Income ETF (TEQI), and T Rowe Price Growth Stock ETF (TGRW).

 
For the past three years, State Street has supported T Rowe Price in the development of service models and launch planning, culminating in the funds’ public availability today.
 
“It’s great to see this partnership continue to evolve and grow over the years. We’re excited to now use our expertise in ETF servicing for T Rowe Price to make sure its investors and portfolio managers are given a best-in-class experience in this market sector,” says Frank Koudelka, Global ETF Product Specialist at State StreeT
 
As part of the agreement, State Street will provide services including basket creation, dissemination, settlement, custody, fund accounting, order-taking, financial reporting, performance and investment analytics and transfer agency services to T Rowe Price’s suite of funds.
 
T Rowe Price was the first investment manager to create and file with the Securities and Exchange Commission (SEC) for a model that allows ETFs to be actively managed while it also protects the intellectual property of the funds’ investment management process. The model underlying T Rowe Price’s ETFs includes high-quality intraday pricing signals developed in consultation with market makers.
 
“As investor needs and expectations continue to evolve, we want to provide additional choice through active ETFs. We are excited to work with State Street in the delivery of active ETFs supported by the highest level of service,” says Tim Coyne, head of ETFs for T Rowe Price.
 

Latest News

REX Shares has announced a strategic reorganisation that integrates its REX Shares, MicroSectors, and T-REX products, as well as REX..
Allspring Global Investments writes that as it builds an investment platform for the future, it has filed for exemptive relief..
LSEG Lipper writes that ETF promoters in Europe enjoyed estimated net inflows (+EUR25.1 billion) for May 2024...
The European Fund and Asset Management Association (EFAMA) has published its 2024 industry Fact Book, which includes a foreword by..

Related Articles

Marcus Wayerer, Franklin Templeton
Franklin Templeton says that emerging markets are navigating a tricky environment at the moment, due to factors such as the...
Matt Barry, Touchstone Investments
Back in 2022, Cincinnati, Ohio-based Touchstone Investments launched its first four ETFs, having previously been predominantly a mutual fund company....
CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Jordan, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by