T. Rowe Price ETF TSPA Tops $3B After $536M Inflows

T. Rowe Price U.S. Equity Research ETF (TSPA) attracted $536 million of net inflows in May, according to ETF Database data through May 26. The fund surpassed $3 billion in assets under management after five years of operation in June.

TSPA is an actively managed, index-adjacent equity ETF that seeks to generate returns with a risk and exposure mix similar to the S&P 500 while using active stock selection to outperform the benchmark.

ETF Database shows the fund returned 23.3% over the most recent three-year period, compared with a Large Cap Blend Equities category average just under 15% for the same span. YCharts data indicate the strategy has outperformed the S&P 500 over that three-year window.

The firm attributes the strategy to its fundamental research platform. T. Rowe Price draws on the work of about 30 analysts to identify potential holdings and set weights. Fund managers can reduce weights or remove positions when analysts flag company-specific risks.

Market participants point to concentration in the S&P 500, where a handful of large technology firms have driven a large share of benchmark gains. An active fund can lower exposure to individual names judged to carry higher risk than passive index funds allow.

Technical indicators show recent momentum for the ETF: the share price moved above both its 50- and 200-day simple moving averages in recent trading, a pattern some traders view as a positive near-term signal.

Crossing the $3 billion threshold places TSPA among larger actively managed equity ETFs and follows a month of strong net inflows.