TRowe Price to Acquire Fm Investments
TRowe Price has agreed to acquire Fmi Investments in a deal that will expand its fixed income ETF assets. The transaction highlights ongoing consolidation within the US exchange traded fund industry as managers seek scale.
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T Rowe Price Group Inc agreed to acquire F/m Investments on Thursday morning, expanding its fixed-income ETF footprint. The deal more than doubles the buyer's assets in fixed-income ETFs from $6.5 billion. Consolidation across the United States ETF industry is accelerating as firms seek scale.
