T. Rowe Price’s Coyne on Active ETFs in 2024

Active ETFs had a big, big year in 2023. At the recent ETF Exchange conference in Miami, active strategies dominated the discussion, with growing interest among issuers and investors in actively managed funds. T. Rowe Price’s ETF suite is entirely actively managed, with the firm leaning on a fundamental approach. VettaFi sat down with T. Rowe Price’s Head of ETFs, Tim Coyne, to discuss the active trend and T. Rowe Price’s place in it.

See more: “Active ETFs Gaining Popularity vs. Mutual Funds

The firm has seen its T. Rowe Price Capital Appreciation ETF (TCAF) skyrocket in AUM over the last few months. Having only launched in June, the strategy has gathered nearly $900 million in AUM per VettaFi data as of February 16th. That growth speaks to the firm’s growing role in the active investing landscape.

“We still feel like we’re very early days in our journey in developing high-quality products that we’ve brought to market,” Coyne said. “We’re going to continue to expand on that.”

The firm will look to continue leveraging its fundamental, bottom-up investment process, Coyne said. That process includes hundreds of meetings with companies around the world as a differentiator, for example, providing deep research on individual firms.