QUICK SPARK: F/m Investments Tops $10 Billion in ETF Assets as Treasury Funds Keep Winning
F/m Investments surpassed $10 billion in ETF assets, led by its $7.2 bn TBIL fund, while ultrashort Treasury ETF SGVA topped $100 mn days after launch.
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T. Rowe Price will acquire $19B F/m Investments, more than doubling its fixed-income ETF AUM and expanding its bond ETF capabilities.
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F/m Investments surpassed $10 billion in ETF assets, led by its $7.2 bn TBIL fund, while ultrashort Treasury ETF SGVA topped $100 mn days after launch.
The SGVA ETF offers actively managed ultrashort Treasury exposure with no recurring distributions and a tax-efficient compounding strategy.
Evercore ISI Group analyst Glenn Schorr maintains T. Rowe Price Group (NASDAQ:TROW) with a In-Line and raises the price target from $117 to $118.
U.S. stock futures were mixed on Monday, as the Dow Jones index slipped and the S&P 500 and Nasdaq 100 indices rose.