T. Rowe Price Group agreed to acquire specialized fixed-income manager F/m Investments.
F/m Investments managed approximately $19 billion in assets as of July 31, 2026.
The parties announced the deal after market close on August 20 for undisclosed financial terms.
This acquisition will more than double T. Rowe Price's fixed-income ETF assets.
The transaction will increase the company's total fixed-income assets under management by nearly 9%.
Management expects the deal to close in early 2027.