T. Rowe Price launches two active ETFs in Europe

T. Rowe Price has launched its first European-listed active ETFs, offering exposure to global and U.S. equities through Irish-domiciled UCITS funds. The ETFs are scheduled to list on Deutsche Börse’s Xetra, the London Stock Exchange and Borsa Italiana in October 2026.

The initial range includes the T. Rowe Price Integrated Global Equity UCITS ETF, ticker TIGP, and the T. Rowe Price Integrated US Equity Enhanced Index UCITS ETF, ticker TUSP. Both funds use the firm’s integrated investment approach, which combines fundamental research, quantitative analysis and portfolio construction.

The U.S. equity ETF is designed to provide benchmark-aware exposure to the U.S. stock market. It can serve as a core holding or complement passive investments. The global equity ETF is a higher-conviction active strategy based on an approach T. Rowe Price has used for more than 10 years.

The funds were registered on Xetra on Oct. 8. They are scheduled to list on the London Stock Exchange on Oct. 15 and on Borsa Italiana on Oct. 22.

Both ETFs will have a zero total expense ratio during their first year, according to T. Rowe Price. The fee holiday applies to the firm’s newly launched European ETF platform.

“European investors are increasingly looking for investment solutions that can help them make their core allocations work harder while remaining disciplined around risk and portfolio construction,” Nataline Terry, head of EMEA distribution at T. Rowe Price, said in a statement. The ETFs are intended for different portfolio uses and can complement or replace passive exposures, including in model portfolios.

Andrew Brickman, head of ETF solutions for EMEA, said the firm was offering European investors another way to access selected investment capabilities through active ETFs. T. Rowe Price’s European launch builds on its existing U.S. ETF business.