T. Rowe Price (TROW) Introduces Actively Managed Innovation Leaders ETF

T. Rowe Price Group, Inc. (NASDAQ:TROW) ranks among the biggest publicly traded asset managers. On January 29, T. Rowe Price Group, Inc. (NASDAQ:TROW) debuted the active T. Rowe Price Innovation Leaders ETF (TNXT) on the NASDAQ exchange. The fund focuses on companies that are at the heart of technological advancement, healthcare, and finance, with an actively managed portfolio of approximately 150-250 holdings.

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Sean McWilliams and Som Priestley, both accomplished professionals with 16 and 20 years of experience, co-manage the ETF to ensure high-quality fund administration and investing decisions.

This expansion occurs as investors look forward to the company’s upcoming quarterly financial report on February 4, which will offer a crucial assessment of its performance in a competitive environment.

Additionally, on December 17, Keefe Bruyette analyst Alex Bond reduced his price target for T. Rowe Price Group, Inc. (NASDAQ:TROW) to $115 from $117 while maintaining a Market Perform rating on the company’s shares. According to the firm, the asset manager should continue to enjoy a favorable economic climate in 2026.

T. Rowe Price Group, Inc. (NASDAQ:TROW) is a publicly traded global investment manager based in the U.S. The firm offers mutual funds, subadvisory services, separate account management, and retirement solutions for individuals, institutions, and financial intermediaries.

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Disclosure: None. This article is originally published at Insider Monkey.

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Original Source At Yahoo Finance