T. Rowe Price launched the T. Rowe Price Dynamic Emerging Markets Bond ETF, expanding its actively managed ETF lineup to 39 funds. The new ETF trades on Nasdaq under the ticker TDEM.
TDEM is designed to provide investors with exposure across emerging market sovereign, corporate, and local-currency debt.
The actively managed strategy seeks income and capital appreciation while dynamically allocating across emerging market fixed-income opportunities.
The fund has an expense ratio of 0.45%.
TDEM is managed by Leonard Kwan, Samy Muaddi, and Richard Hall.
Kwan has 29 years of investment experience, including 12 years at T. Rowe Price.
Muaddi serves as Head of Emerging Markets for the firm’s Fixed Income division and has 20 years of experience at T. Rowe Price.
Hall has 19 years of investment experience, including 14 years with the firm.
The launch marks T. Rowe Price’s ninth active ETF introduced during 2026.
The firm’s 39 actively managed ETFs span fixed income, equities, multi-asset strategies, digital assets, and thematic investments.
T. Rowe Price managed approximately $1.90 trillion in client assets as of August 31, 2026.
KEY QUOTES:
“The complexities of emerging market investing requires active management to navigate divergent growth, inflation, and currency trends.”
Leonard Kwan, Portfolio Manager of the T. Rowe Price Dynamic Emerging Markets Bond ETF
“TDEM offers a yield-focused building block that can help investors diversify their portfolios.”
Tim Coyne, Global Head of ETFs at T. Rowe Price
