ETFs & Funds
Home›ETFs & Funds›ETFs›Active T. Rowe Price Technology ETF TTEQ nears AUM dou…
Active T. Rowe Price Technology ETF TTEQ nears AUM doubling in 3 months
The fund’s net inflows of just under $189 million over the past three months helped lift assets to about $429 million, while it returned 32.9% year to date.
Tech-focused ETF investing has evolved beyond early tech mutual fund structures thanks to the ETF wrapper’s flexibility, transparency, and tradability, ETF Trends notes, pointing to the active T. Rowe Price Technology ETF (TTEQ) as a standout example.
ETF Trends reports that TTEQ charges 63 basis points and that the strategy has delivered 32.9% year to date returns, according to ETF Database data, outpacing its benchmark over the same period.
The outlet says the fund added just under $189 million in net inflows during the last three months, contributing to $191 million in total AUM growth and bringing assets to about $429 million, which is why TTEQ is nearly doubling its AUM in that time frame.
ETF Trends also highlights that TTEQ can invest in large-cap tech firms across global markets and in technology-driven companies outside of passive tech indexes, managed by T. Rowe Price manager Dom Rizzo, who leads the approach based on fundamental research into valuation and share-price appreciation.