ProShares' acquisition of F/m Investments will double the managed assets of its fixed income ETFs

T. Rowe Price, a U.S. asset management giant, announced on August 20 that it has agreed to acquire fixed income asset management company F/m Investments, further expanding its ETF business. After the transaction is completed, the scale of fixed income ETFs managed by T. Rowe Price will double. The two parties did not disclose the transaction amount. Founded in 2019, F/m currently manages $19 billion in assets, with over $10 billion coming from its 20 ETFs.