Breaking News

Adidas to Start EU1.5B Shareholder Return Program

T. Rowe Price Asks SEC to Approve Actively Managed ETF

T. Rowe Price Group Inc. (TROW) has asked the U.S. Securities and Exchange Commission for permission to offer actively managed exchange-traded funds that wouldn’t disclose their holdings daily.

The first of the funds, if approved by regulators, would aim to beat the Standard & Poor’s 500 Index, according to the request, filed yesterday with the SEC. T. Rowe Price, based in Baltimore, joins BlackRock Inc. (BLK) and Eaton Vance Corp. (EV) among money managers seeking the go-ahead to offer so-called non-transparent active ETFs.

“We see non-transparent active ETFs as an alternative vehicle for potentially delivering our investment management expertise to investors, without the prospect of daily disclosures impacting our existing mutual fund shareholders, consistent with their best interests,” Heather McDonold, a spokeswoman, said in an e-mailed message.

To contact the reporter on this story: Christopher Condon in Boston at

To contact the editor responsible for this story: Christian Baumgaertel at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.