T. Rowe Price to acquire F/m Investments for $19B in AUM
Baltimore and Washington - T. Rowe Price Group Inc. announced on July 31, 2026, its plan to acquire F/m Investments LLC, a fixed income asset manager with $19 billion in assets under management. F/m Investments operates ETFs across various fixed income categories, including Treasuries, TIPS, corporate bonds, and municipal securities.
The acquisition will increase T. Rowe Price's fixed income assets under management by nearly 9% and double its fixed income ETF holdings at closing. F/m Investments' unique product development capabilities will complement T. Rowe Price's existing fixed income lineup. Upon completion, F/m Investments will continue to operate as a separate entity under the T. Rowe Price umbrella. The deal is set to close in early 2027, pending regulatory approvals and other conditions.
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