TSPA Draws $543M in One Month With Active S&P 500 Strategy

T. Rowe Price’s U.S. Equity Research ETF (TSPA) recorded $543 million in net inflows over a one-month period. The fund is managed with an active approach that uses the firm’s equity research to guide stock selection and position sizing while keeping a portfolio broadly similar to the S&P 500.

TSPA charges an expense ratio of 34 basis points. Portfolio managers are supported by about 30 equity research analysts who help identify stocks to overweight or underweight relative to the index. The strategy gives managers flexibility to reduce exposure to names or sectors they view as overvalued or to increase stakes in companies they consider to have stronger fundamentals.

Performance data for the fund show that TSPA has outperformed the S&P 500 year-to-date and has posted higher cumulative returns than the index over the past three years. Those results are reported alongside the recent inflows.

On June 11, the ETF’s share price was $45.94, trading above its 50-day simple moving average of $45.56 and its 200-day average of $43.18. The one-month inflow figure covers a single reporting period and reflects investor interest in an active take on S&P 500 exposure.

T. Rowe Price presents the ETF as an option for investors seeking an actively managed portfolio that tracks the S&P 500’s broad composition while pursuing different results through fundamental research and active weightings.