Introducing T. Rowe Price's Debut Tax-Free Municipal Bond ETF

Wednesday, 10 July 2024, 15:13
T. Rowe Price Group has introduced its first tax-free municipal bond ETF, offering investors a new opportunity to invest in investment-grade bonds with a low net expense ratio of 0.24%. The launch of this ETF aims to provide tax-efficient income and potential capital preservation for investors seeking diversified fixed-income exposure. With a focus on quality bonds and attractive pricing, T. Rowe Price targets to meet the demand for tax-exempt income in the current market landscape.

T. Rowe Price Launches Tax-Free Municipal Bond ETF

T. Rowe Price Group has unveiled its inaugural tax-free municipal bond ETF, designed to cater to investors' appetite for tax-exempt fixed-income securities.

  • Low Net Expense Ratio: The ETF boasts a competitive net expense ratio of 0.24%, enhancing potential returns for investors.
  • Diversified Portfolio: Investors can access a diversified portfolio of investment-grade municipal bonds through this new offering.
  • Focus on Quality: T. Rowe Price prioritizes quality bonds to provide stability and income generation for investors.

With this launch, T. Rowe Price aims to fulfill the growing demand for tax-efficient fixed-income products in the financial market.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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