QUICK SPARK: T. Rowe Price to Acquire $19 Billion Fixed-Income Manager F/m Investments
T. Rowe Price will acquire $19B F/m Investments, more than doubling its fixed-income ETF AUM and expanding its bond ETF capabilities.
T. Rowe Price is buying another company that manages $19 billion in bonds—like when a restaurant buys a smaller restaurant to get bigger. This means T. Rowe Price will have way more bond products for people who want to invest that way.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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