The folks at a $1.8-trillion-AUM*, publicly traded asset manager in Maryland are rolling out their first exchange-traded fund that focuses on emerging markets. This expands their ETF lineup to 32 active funds in total, including 22 equity ETFs.

Timothy John "Tim" Coyne T. Rowe Price Head of Exchange-Traded Funds

Yesterday (March 12), Tim Coyne, global head of ETFs at T. Rowe Price [profile], and Kevin Collins, head of U.S. intermediaries, unveiled the launch of the T. Rowe Price Emerging Markets Equity Research ETF (TEMR on the NYSE Arca). Baltimore-based T. Rowe Price Associates, Inc. serves as the new fund's investment advisor, and T. Rowe Price International Ltd., T. Rowe Price Hong Kong Limited, and T. Rowe Price Singapore Private Ltd. serve as subadvisors.

TEMR's inception date was Wednesday (March 11). The new ETF comes with an expense ratio of 40 basis points and now has about $19.37 million in AUM**.

Six portfolio managers from T. Rowe's global equity division co-PM TEMR. That PM team includes:

Kamran Baig, director of equity research, EMEA and Latin America;

Leigh Innes, PM of international and global structured research strategies;

Tetsuji Inoue, director of equity research, Asia;

Tobias Mueller, director of equity research, Europe;

Sridha Nishtala, director of equity research, Asia Pacific; and

Jay Nogueira, head of global equity research.

Coyne describes TEMR as a way to "bring investors access to the dynamic opportunities within emerging markets and help them capture growth where it's unfolding."

"Leveraging the established capabilities of the firm's Strategic Research strategy and active insights across regions and sectors, we're able to offer differentiated, high-conviction strategies for clients seeking long-term growth in today's global markets," Coyne states.

Collins puts TEMR in the context of the continuing expansion of T. Rowe's ETF lineup and commitment "to equipping advisors with innovative and differentiated funds that help them serve investors' evolving needs."

"Through TEMR, advisors can offer a professionally managed, risk-aware portfolio to help diversify investor portfolios and capture opportunities for growth across emerging markets," Collins states.

TEMR is an actively managed, non-diversified series of T. Rowe Price Exchange-Traded Funds, Inc. The new ETF's other service providers include:

Bank of New York Mellon as middle office provider;

PricewaterhouseCoopers LLP as independent accounting firm;

State Street Corporation as custodian, fund accountant, securities lending agent, and transfer agent;

T. Rowe Price Investment Services, Inc. as distributor and principal underwriter; and

Willkie Farr & Gallagher LLP as counsel.

*As of February 28, 2026.

**As of March 12, 2026 (yesterday). 

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