T. Rowe Price Launches Two New International ETFs

T. Rowe Price Group, Inc. (TROW) has launched two new international equity ETFs, which began trading Thursday on NYSE Arca, expanding the asset manager's transparent active fund lineup.

According to the company announcement, the T. Rowe Price Global Equity ETF (TGLB) and the T. Rowe Price International Equity Research ETF (TIER) bring the Baltimore-based firm's total active ETFs to 24, following three sector ETFs that launched earlier this month.

The two funds add to T. Rowe Price's active ETF offerings as investors increasingly seek transparent, actively managed, international exposure beyond traditional passive index funds.

International Focus Drives TGLB, TIER Strategies

Both funds target long-term capital appreciation through distinct international strategies, according to the prospectuses. TGLB invests in securities of companies across global developed markets and maintains geographic exposures similar to the MSCI World Index, according to the prospectus. The ETF focuses on a concentrated portfolio of 45 to 60 investments.

TIER takes a different approach by investing primarily in stocks outside the U.S. across at least five countries, including developed and emerging markets, according to the prospectus. The fund attempts to create a portfolio with similar characteristics to the MSCI ACWI ex USA Index while seeking excess returns through active stock selection.

Both funds focus on bottom-up stock selection with awareness of global economic conditions and outlooks for specific industries, sectors and countries, according to the prospectuses. The funds may purchase stocks of companies of any size but typically focus on large-cap companies.

TGLB and TIER carry management fees of 0.46% and 0.38%, respectively, according to the prospectuses. Peter J. Bates serves as portfolio manager for TGLB, while TIER is managed by a team of six co-portfolio managers across T. Rowe Price's global offices.

T. Rowe Price manages $1.6 trillion in client assets as of May 31, 2025, with about two-thirds of that being retirement-related, according to the announcement. The firm has operated for over 85 years.