T. Rowe Price agreed to acquire F/m Investments, a fixed-income asset manager and ETF specialist with about $19 billion in assets under management.
The deal aims to deepen fixed-income capabilities, accelerate ETF growth, expand liquidity and cash-management offerings, and broaden customized fixed-income SMAs.
Closing is expected in early 2027. F/m will operate as “F/m Investments, a T. Rowe Price Company,” retaining its brand and leadership.
The transaction is expected to lift T. Rowe Price fixed-income AUM by nearly 9% and more than double its fixed-income ETF AUM.
TROW•
