T. Rowe Price Group reports developments tied to its global asset management business, including assets under management, client flows, earnings, dividends, stockholder meeting results, and capital return activity. Company updates also cover its investment platform across equity, fixed income, multi-asset, and alternative strategies, with recurring references to retirement-related assets and client solutions.
News about T. Rowe Price also includes product and platform changes such as fixed income vehicles, CLO activity, 529 education savings offerings, private credit initiatives associated with OHA, and investment commentary from the firm's research and portfolio teams.
T. Rowe Price (TROW) has released a new episode of its podcast "The Angle from T. Rowe Price," featuring Shell plc CEO Wael Sawan in conversation with Eric Veiel, President, Co-Head of Global Investments and Chief Investment Officer. The discussion covers Sawan’s leadership lessons from geopolitical disruption and operational crises, the idea of an "energy addition" era where new energy sources are added alongside traditional ones, and the importance of capital discipline, strategic flexibility, and AI-supported decision-making in the energy sector.
The episode is part of the firm’s C‑suite series and continues the show’s focus on themes shaping global markets and energy demand.
T. Rowe Price (TROW) launched three new fully transparent, actively managed equity ETFs on September 17, 2026: T. Rowe Price Biotech ETF (TDNA), T. Rowe Price Small-Cap ETF (TSEE), and T. Rowe Price Mid-Cap Equity Research ETF (TMID), all trading on NASDAQ.
The new funds target biotech, U.S. small-cap, and U.S. mid-cap equities, respectively, with typical portfolios ranging from about 60 to more than 300 stocks and expense ratios of 0.47%–0.59%. With these launches, T. Rowe Price has introduced eight active ETFs in 2026 and now offers 38 ETFs spanning fixed income, equities, multi-asset, digital assets, and thematic strategies. The firm reported $1.90 trillion in client assets under management as of August 31, 2026.
T. Rowe Price (TROW) released its sixth annual Defined Contribution Consultant Study, surveying 36 DC consulting and advisory firms representing over 160,000 plan sponsor clients and $10.3 trillion in DC plan assets under advisement, or about 72% of the DC plan market.
The study shows AI use moving from evaluation to execution: firms describing AI as "too early to know, currently evaluating" fell from 44% in 2025 to 14% in 2026, while current use is concentrated in operational efficiency, client preparation, and outreach. Consultants and advisors expect broader implementation of private assets in DC plans, with likelihood scores for private credit and private equity inclusion rising between 2024 and 2026, and see target date funds as the most likely vehicle for private market exposure.
Results also highlight growing emphasis on advice, personalization, retirement income support, financial wellness programs, and blend target date solutions that combine active and passive management.
T. Rowe Price Group (TROW) reported August 31, 2026 assets under management of $1.90 trillion and net outflows of $7.9 billion for the month.
Total AUM were $1,897 billion at August 31, 2026, compared with $1,867 billion at July 31, 2026 and $1,776 billion at December 31, 2025. By asset class, equity was $910 billion, fixed income including money market $225 billion, multi-asset $699 billion, and alternatives $63 billion. Target date retirement portfolios totaled $631 billion.
T. Rowe Price (TROW) is expanding the use of Anthropic's Claude AI across its investment organization to support research, workflows, and technology development.
Portfolio managers and analysts are using Claude Cowork to synthesize complex information, increase research capacity, and assist with knowledge-intensive, multistep processes. Developers are adopting Claude Code to build and improve tools that enhance productivity in investment and operating workflows. All applications operate under the firm's AI leadership model and standards for responsible use, which keep human judgment and accountability central to client outcomes. The initiative is part of a broader firmwide effort to pair AI adoption with training, talent development, and continued investment in people and capabilities. T. Rowe Price portfolios also invest in Anthropic.
T. Rowe Price (TROW) launched the T. Rowe Price Securitized Income ETF (TSCZ), a fully transparent, actively managed fixed income ETF that began trading on NYSE Arca on September 3, 2026.
TSCZ seeks high current income by investing across U.S. securitized credit sectors, including ABS, CMBS, CLOs, and non-agency RMBS, and has a total expense ratio of 0.20%. The fund is co-managed by Jean-Marc Breaux and Ramon de Castro, who bring 20 and over 30 years of investment experience, respectively. With this launch, T. Rowe Price's ETF lineup grows to 35 funds across fixed income, equities, multi-asset, digital assets, and thematic strategies. Separately, the firm has agreed to acquire F/m Investments, which at expected closing in early 2027 is anticipated to increase fixed income assets under management by nearly 9% and more than double its fixed income ETF assets under management.
T. Rowe Price (NASDAQ: TROW) released the latest episode of its podcast series “The Angle from T. Rowe Price,” featuring a conversation between Eric Veiel, President, Co‑Head of Global Investments and CIO, and Vimal Kapur, Chairman and CEO of Honeywell Technologies.
The episode examines Honeywell’s recent transformation into three distinct companies, Kapur’s rationale that streamlining can sharpen strategic focus, and the secular growth opportunities he sees in industrial automation and artificial intelligence. Discussion topics include how AI and automation could make hospitals, data centers, semiconductor fabs, and energy infrastructure more autonomous, the importance of industrial data and domain expertise, and how agentic systems may help address skilled‑labor shortages and productivity needs.
According to T. Rowe Price, this is the seventeenth episode in its C‑suite series, following prior interviews with CEOs from major global companies. The firm also highlights its broader podcast lineup and notes it manages $1.87 trillion in client assets as of July 31, 2026.
T. Rowe Price (NASDAQ: TROW) agreed to acquire F/m Investments, a fixed income asset manager and ETF specialist with approximately $19 billion in assets under management as of July 31, 2026. The deal is expected to deepen T. Rowe Price's fixed income capabilities and accelerate growth across its ETF franchise.
According to T. Rowe Price, the transaction should increase its fixed income assets under management by nearly 9%, more than double its fixed income ETF AUM, and expand its SMA offering. F/m will operate as “F/m Investments, a T. Rowe Price Company,” retaining its brand and leadership. Closing is expected in early 2027, subject to customary conditions; financial terms were not disclosed.
T. Rowe Price OHA Select Private Credit Fund (OCREDIT) (NYSE:TROW) reported Q2 2026 net investment income (NII) of $38.3 million, or $0.61 per share, and earnings per share of $0.41, while declaring total Q2 distributions of $0.60 per share, implying a 9.2% annualized distribution rate. Since inception on November 14, 2022, the annualized total return based on NAV was 10.58%.
As of June 30, 2026, the fund’s investment portfolio had a fair value of $3.1 billion across 144 portfolio companies in 25 sectors, with a weighted average yield on debt and income-producing investments of 9.8%. Net assets were $1.64 billion and NAV per share was $25.96, down from $26.15 on March 31, 2026. Debt-to-equity remained at 0.93x, with $1.52 billion of net debt at a 6.0% weighted average interest rate. Subsequent to quarter end, the Company issued $400 million of notes due 2031 with a fixed 6.50% coupon.
T. Rowe Price (NASDAQ: TROW) announced new leadership structures to advance its firmwide artificial intelligence strategy, aiming to accelerate responsible adoption and scale practical AI capabilities across Investments, Global Distribution, and enterprise Technology, Data, and Operations.
The firm is expanding its Investment AI Solutions group, creating a Global Distribution AI Strategy and Transformation team, and using T. Rowe Price Labs as an AI innovation hub. An Enterprise AI, Model, and Technology Risk function will oversee governance and regulatory readiness. T. Rowe Price reported $1.87 trillion in client assets as of July 31, 2026.