T. Rowe Price Active Core International Equity ETF

TACN

市值 US$2406萬

Investors looking to diversify their U.S. growth portfolios away from artificial intelligence may want to check how concentrated that exposure has become, according to new research from T. Rowe Price.

Building a portfolio from scratch, or looking to refresh one that needs an overhaul? Core funds provide the bedrock upon which overall portfolios are constructed.

McKinsey finds that only 6% of enterprises have seen a 5%+ EBIT impact from AI use, yet budgets continue to expand rapidly. As we look at our portfolios over the medium term, we think 90%+ of the AI opportunity for our companies will be on the cost side of the equation, where it is easier to measure ROI on AI spending. The valuation gap between the AI complex and the rest of the market now rivals levels last seen at the height of the dot-com bubble.

T. Rowe Price is making the case for international equities. The Magnificent Seven now account for 32% of the S&P 500's market value, more than double their 14% share in 2019, according to a new report from the firm.

Active equity ETFs posted double-digit returns in April. Conflicting signals from the Federal Reserve and a fracture in global oil alliances created an environment where stock selection matters.

T. Rowe Price is leveraging three decades of private equity experience to give active ETF investors access to companies at the core of artificial intelligence, including OpenAI, Anthropic, and Databricks, according to Christopher Murphy, head of ETF specialists at the firm. In an interview at the Exchange conference in Las Vegas, Murphy said the T.

Economic dislocations create opportunities. While many market watchers are seriously concerned about the microshifts in markets and stocks, others may see the opportunities that emerge when oil prices spike.

Low-cost active ETFs succeeded at nearly double the rate of their expensive counterparts over the past decade, according to Morningstar's year-end 2025 Active/Passive Barometer report, underscoring how fees remain the primary hurdle for active managers attempting to outpace index funds.

Active investing is drawing growing interest as investors look to spread their money beyond a handful of mega-cap technology stocks. Strategies that blend data-driven models with managers' judgment calls are gaining ground over purely passive approaches.

The active ETF market split along strategy lines in 2025, with discretionary equity funds gaining 3.3% market share while systematic equity funds lost 1.1%, according to Morningstar data shared by Ben Johnson, head of client solutions and asset management at the firm. The divergence shows not all active strategies performed equally, with the T.