T. ROWE PRICE ADDS TWO NEW INTERNATIONAL EQUITY ETFs TO ITS TRANSPARENT ACTIVE ETF OFFERINGS

Rhea-AI Summary

T. Rowe Price (NASDAQ-GS: TROW) has launched two new active transparent equity ETFs: the T. Rowe Price Global Equity ETF (TGLB) and T. Rowe Price International Equity Research ETF (TIER). TGLB will focus on developed markets with 45-60 high-conviction investments, while TIER will hold 300-500 securities across developed and emerging markets excluding the US.

These additions bring T. Rowe Price's total active ETF offerings to 24 funds, including 18 equity and 6 fixed income ETFs. The funds aim to provide tax efficiency, competitive expense ratios, and intraday trading flexibility while leveraging T. Rowe Price's global research capabilities to outperform passive indexes.

Positive

• Expansion of ETF product line with two new international equity offerings
• Leverages T. Rowe Price's established global research capabilities
• Provides investors with additional portfolio diversification options
• Offers benefits of active management combined with ETF structure advantages

Negative

• None.

Insights

ETF Market Specialist

T. Rowe Price expands ETF lineup with two international equity funds, bringing total active ETFs to 24 while targeting distinct global investment approaches.

T. Rowe Price has strategically expanded its active ETF lineup with two new international equity offerings that began trading on NYSE Arca. The T. Rowe Price Global Equity ETF (TGLB) and International Equity Research ETF (TIER) bring the firm's total active ETF count to 24, following three sector ETFs launched earlier this month.

The two new funds employ distinctly different approaches to international investing. TGLB takes a concentrated strategy with just 45-60 high-conviction holdings aligned with the MSCI World Index's geographic exposures. It's managed by Peter Bates, who brings 21 years of investment experience at T. Rowe Price. In contrast, TIER offers broader diversification with 300-500 securities across developed and emerging markets outside the U.S., benchmarked to the MSCI All Country World ex USA Index. This fund utilizes a team approach with six managers who offer specialized regional expertise.

These launches represent T. Rowe Price's continued expansion in the active ETF space since their 2020 entry into this market segment. The firm now offers 18 equity and 6 fixed income active ETFs, with international equity offerings growing to three following the 2023 launch of their International Equity ETF (TOUS).

The new ETFs maintain the key structural advantages of the ETF wrapper—including tax efficiency, competitive expense ratios, and intraday trading flexibility—while incorporating T. Rowe Price's active management approach and global research capabilities. This expansion reflects the asset manager's strategic response to growing investor demand for actively managed international exposure in the increasingly popular ETF format.

The T. Rowe Price Global Equity ETF and International Equity Research ETF began trading today

BALTIMORE, June 26, 2025 /PRNewswire/ -- T. Rowe Price (NASDAQ-GS: TROW), a global investment management firm and leader in retirement, announced today the launch of two new active transparent equity exchange-traded funds (ETF): T. Rowe Price Global Equity ETF (Ticker: TGLB) and T. Rowe Price International Equity Research ETF (Ticker: TIER). The new funds began trading on NYSE Arca today. Their debuts come closely on the heels of three T. Rowe Price sector active ETFs that came to market earlier this month and bring the firm's total active ETFs to 24.

Both new active ETFs represent distinct strategies seeking long-term capital appreciation.

T. Rowe Price Global Equity ETF (Ticker: TGLB) typically invests in securities of companies in global, developed markets and seeks to create a concentrated, sector-diversified portfolio of 45-60 high conviction investments. The fund expects to maintain geographic exposures similar to those of the MSCI World Index. TGLB is managed by Peter Bates, CFA^®, who has 21 years of investment experience at T. Rowe Price and is portfolio manager of the Global Select Equity Strategy.

T. Rowe Price International Equity Research ETF (Ticker: TIER) uses fundamental research to construct a diversified portfolio that typically consists of 300-500 securities. It seeks to hold similar characteristics to the MSCI All Country World ex USA Index, covering stocks across developed and emerging markets globally, excluding the United States. TIER is co-managed by six investment professionals:

• Sridhar Nishtala, director of equity research, Asia Pacific
• Jason Nogueira, head of global equity research
• Tetsuji Inoue, director of equity research, Asia
• Leigh Innes, portfolio manager, International and Global Structured Research strategies
• Kamran Baig, director of equity research, EMEA and Latin America
• Tobias Mueller, director of research, Europe

Having launched T. Rowe Price International Equity ETF (TOUS) in 2023, TGLB and TIER bring T. Rowe Price's total international active ETF offerings to three. T. Rowe Price introduced its first active ETFs in 2020, and in total, the firm's active ETF roster includes 18 equity active ETFs and six fixed income active ETFs. The funds deliver key features associated with ETFs such as tax efficiency, competitive expense ratios, and the flexibility to buy and sell shares throughout the trading day. Designed to outperform passive indexes, each T. Rowe Price active ETF applies the longstanding investing capabilities of the firm's active managers, based on rigorous global research and the regular practice of asking better questions, as they strive to deliver better investment outcomes for clients.

_QUOTE

Tim Coyne, Global Head of Exchange-Traded Funds
"With the addition of TIER and TGLB, we continue to grow our ETF book thoughtfully, this time delivering increased access to international investing options in the ETF wrapper. Leveraging the firm's sophisticated global equities research capabilities, these funds provide investors with the opportunity to diversify their portfolios while taking advantage of the benefits of T. Rowe Price active management and the ETF format."

_{ABOUT T. ROWE PRICE}

T. Rowe Price (NASDAQ-GS: TROW) is a leading global asset management firm, entrusted with managing $1.62 trillion in client assets as of May 31, 2025, about two-thirds of which are retirement-related. Renowned for over 85 years of investment excellence, retirement leadership, and independent proprietary research, the firm leverages its long-standing expertise to ask better questions that can drive better investment decisions. Built on a culture of integrity and prioritizing client interests, T. Rowe Price empowers millions of investors worldwide to thrive amidst evolving markets. Visit troweprice.com/newsroom for news and public policy commentary.

Consider the investment objectives, risks, and charges and expenses carefully before investing. For a prospectus or, if available, a summary prospectus containing this and other information visit troweprice.com. Read it carefully.

ETFs are bought and sold at market prices, not net asset value (NAV). Investors generally incur the cost of the spread between the prices at which shares are bought and sold. Buying and selling shares may result in brokerage commissions which will reduce returns.

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SOURCE T. Rowe Price Group

FAQ

What are the two new ETFs launched by T. Rowe Price (TROW)?

T. Rowe Price launched the Global Equity ETF (TGLB) and International Equity Research ETF (TIER), both beginning trading on NYSE Arca on June 26, 2025.

How many stocks will the T. Rowe Price Global Equity ETF (TGLB) hold?

TGLB will maintain a concentrated portfolio of 45-60 high conviction investments in global developed markets, with geographic exposures similar to the MSCI World Index.

What is the investment strategy of T. Rowe Price International Equity Research ETF (TIER)?

TIER will hold a diversified portfolio of 300-500 securities across developed and emerging markets globally, excluding the United States, with characteristics similar to the MSCI All Country World ex USA Index.

How many active ETFs does T. Rowe Price now offer?

T. Rowe Price now offers a total of 24 active ETFs, consisting of 18 equity active ETFs and 6 fixed income active ETFs.