T. Rowe Price Acquires Fixed Income Fund Manager F/m Investments
T. Rowe Price Group has agreed to acquire fixed income manager F/m Investments for an undisclosed amount, enhancing its ETF and fixed-income capabilities. As of July 31, 2026, F/m managed $19 billion in assets across various formats including ETFs and separately managed accounts. The acquisition is expected to increase T. Rowe Price's fixed income AUM by nearly 9%, more than double its fixed income ETF holdings, and expand its SMA business. F/m Investments specializes in US Treasury-based ETFs through the US Benchmark Series and offers a range of products covering Treasuries, TIPS, corporate bonds, and municipal securities. The company was founded in 2019 and is affiliated with 1251 Capital Group. Post-acquisition, F/m will operate as 'F/m Investments, a T. Rowe Price Company,' retaining its brand identity while integrating into the larger firm's structure. The transaction is expected to close by early 2027 after regulatory approvals are obtained.
Tickers: $TROW
Topics: acquisitions ETFs fixed income